Iran's Bold Military Budget Boost Amid Rising Tensions

Iran is planning to increase its military budget by 200% as tensions with Israel escalate. This significant proposal, awaiting parliamentary approval, comes after a series of hostile exchanges between the two nations. Iran supports militant groups like Hezbollah and Hamas, further complicating regional dynamics.

The Iranian government is set to amplify its military expenditure by a staggering 200%, as stated by Fatemeh Mohajerani, the governmental spokesperson, in a recent announcement through state media. This strategic decision follows heightened aggression between Iran and Israel in recent times.

The proposed budget hike is a pivotal component of a comprehensive financial plan that the government has laid before the parliament for ratification. "There has been a remarkable 200% surge in the nation's defense budget," Mohajerani confirmed, withholding further specifics.

This significant fiscal move comes amid ongoing retaliatory attacks between the two countries. Israel's recent strikes were in response to Iranian missile attacks, which tested Israel's defense capabilities. Meanwhile, Iran remains steadfast in its support for militant groups Hezbollah and Hamas, fiercely engaged with Israeli forces in different conflict zones.

(With inputs from agencies.)