Live Update 
From the Liveblog of
Tuesday, October 29, 2024
From the Liveblog of
Tuesday, October 29, 2024
Iran says it plans to raise military budget by around 200%
Iran’s government plans to raise its military budget by around 200%, the country’s Government spokesperson Fatemeh Mohajerani says, according to state media.
The planned defense budget increase is part of a budget proposal that has been submitted by the government to parliament for approval.
“A considerable raise that amounts to 200% has been witnessed in the country’s defense budget,” Mohajerani said, giving no further details.
The statement comes as Israel and Iran have entered direct conflict, with Israel on Saturday striking Iran in retaliation for an Iranian missile barrage against Israel on Oct. 1.
Iran also backs multiple proxy groups in the region, including terror groups Hamas and Hezbollah.
