Iran plans to triple military budget, proposing a 200% increase amid tensions with Israel.

Iran's government plans to triple its military budget, proposing a 200% increase in response to escalating tensions with Israel following recent missile exchanges. Spokeswoman Fatemeh Mohajerani announced this plan, which will be debated by lawmakers with a final decision expected in March 2025. Iran's military spending was about $10.3 billion in 2023, and the increase raises concerns amid the country's economic struggles.

October 29, 2024
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