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Iranian Parliament raises military budget by USD3 billion

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  • Iranian Parliament raises military budget by USD3 billion

    Iranian Parliament raises military budget by USD3 billion


    May 5, 2011 - 16:26 AMT
    PanARMENIAN.Net -

    The Iranian Parliament has passed a bill on raising the military
    budget by USD3 billion, Chairman of the Research Center of the Iranian
    Parliament Ahmed Tavakkol said.

    The sum will come from oil exports. The initiative to increase the
    budget came from the country's Supreme Leader, Ali Khamenei.

    The Stockholm International Peace Research Institute predicted that
    the Iranian military budget will exceed $7 billion in 2010.

    The International Institute for Strategic Studies in London said that
    Iran spent $7 billion on military purposes in 2007, Trend News
    reported.




    From: A. Papazian
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