Thursday, November 14
01:25 AM

Iran plans to triple military budget

30 Oct 2024 By OUR CORRESPONDENT

Tehran, Iran – Tehran plans to radically raise its military budget after Iran and Israel exchanged attacks in recent months.  Iranian government spokeswoman Fatemeh Mohajerani on Tuesday said the country’s leadership planned to raise its military budget by around 200%.

The announcement comes as tensions with arch-rival Israel rise and after retaliatory military strikes against it.

“A considerable raise that amounts to 200% has been witnessed in the country’s defence budget,” Fatemeh said without elaborating.

Iran and Israel have traded missile salvos for months, with Israel striking Iran on Saturday in retaliation for an Iranian missile barrage against Israel.

Tehran on Monday said it would ‘use all available tools’ to respond to the attacks, which Israel said were against military targets.

Iran already has one of the Middle East’s largest militaries, with more than 600,000 active troops and around 350,000 reservists.

Israel had vowed to retaliate after October 1, when Iran fired around 200 missiles in what was only its second-ever direct attack on the country.

The first-ever direct assault against Israeli territory, when Iran launched more than 300 drones and missiles, took place in April. Tehran said that was a response to an Israeli attack on Iran’s consular annex in Damascus, which killed commanders of its Islamic Revolutionary Guard Corps.

© 2021 Apex Press and Publishing. All Rights Reserved. Powered by Mesdac