Iran’s industrial, defense budget rises by 10 percent

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News code : ۳۶۲۷۸۱

Members of the Islamic Republic of Iran's Parliament have approved a law, based on which Iran’s defense industrial budget would be increased by 10 percent.

Based on the approval, 10 percent of revenue sources of Article 3, which includes an equivalent of $ 50 billion external finance, would be allocated for strengthening defense and industrial power of the country.

Out of 196 lawmakers present, 122 agreed with the law, 31 were against it and 3 gave abstention vote.

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