Tehran: Iran’s government has proposed tripling its military budget amid recent tit-for-tat, a spokesman said on Tuesday missile attack.
“The country’s military budget will be significantly increased by more than 200 percent,” government spokesman Fatemeh Mohajerani outlined the move at a press conference in Tehran.
She did not elaborate and Tehran did not reveal any figures, but according to Stockholm International Peace Research Institute iranian think tank military spending Approximately US$10.3 billion in 2023.
The proposed budget will be debated and lawmakers are expected to finalize it in March.
Iran and Israel had a heated exchange of words at a United Nations meeting on Monday, accusing each other of endangering Middle East peace.
A few days ago, Israel struck Iran in response to a missile attack on Israel launched by the Islamic Republic of Iran on October 1.
The Iranian army reported that four soldiers were killed and the “radar system” was damaged.
Iran launched an attack on October 1 involving 200 missiles in retaliation for the killing of leaders of Iran-backed Hamas and Hezbollah and one of their commanders.
“We have made every effort to meet the country’s defense needs and are paying special attention to this issue,” government spokesman Mohajerani said.
In an unprecedented attack on Israel on October 7, 2023, regional tensions increased after Israel launched a military offensive in the Gaza Strip to eliminate the Palestinian Islamist group Hamas.
Israel has also been battling the Lebanese Hezbollah movement since last month.
