Iran Considering Significant Rise in Defense Budget
TEHRAN (Tasnim) – The administration of Iranian President Masoud Pezeshkian has proposed to raise defense spending by 200 percent in the next year’s budget plan, a spokesperson said.
Speaking at a press conference on Tuesday, the spokeswoman for the administration unveiled plans to strengthen Iran’s defense capabilities.
Fatemeh Mohajerani said the administration has taken various sectors into consideration in the budget bill that it has submitted to the Parliament for the next Iranian fiscal year.
The cabinet has considered a 200 percent rise in the defense budget for the next year, she stated.
Pezeshkian went to the Parliament on October 22 to present the national budget for the Iranian calendar year 1404, which begins in March 2025.
He said a basic principle of the budget bill, drafted by his administration after two months of tireless efforts, was strengthening Iran’s defense power considering the regional circumstances and threats against the Iranian nation.
According to the president, the budget bill has also taken into account schemes to ensure economic growth, increase oil production capacity, enhance medication reserves, manage water distribution, and provide affordable housing for lower classes.