Iran Increased Military Spending in Past Year
Tehran has raised its military budget for the first time in four years, a report by the Stockholm International Peace Research Institute (SIPRI) found.
Iran raised its military budget to $24.6 billion in 2021, an increase of 11%, the report said, despite ongoing economic problems in the country because of years of sanctions imposed on the Islamic Republic by the United States.
Last year SIPRI said Iran’s military spending fell by 3% to $15.8b., part of a downward trend that began in 2018 when the sanctions over the country’s nuclear activities were reinstated. Between 2018 and 2020, Iran’s military spending fell by 20%.
In December, Iran’s President Ebrahim Raisi submitted a budget bill that more than doubled the amount allocated to the Islamic Revolutionary Guard Corps for the fiscal year 2022 (which began March 31), allocating the organization 930 trillion rials ($22b.). Meanwhile, Iran’s conventional army was allocated 339.68 trillion rials (US $8b.) for 2022.
Iran also increased its military spending by 11%, making the country one of the largest military spenders in 2021. (JPost / VFI News)
The horse is made ready for the day of battle, but the victory belongs to the Lord. - Proverbs 21:31