Iran’s government has announced plans to triple its military budget, citing rising tensions with Israel following recent missile strikes. Government spokeswoman Fatemeh Mohajerani revealed the proposal, which would increase the country’s military budget by over 200%. However, no specific figures were disclosed.
Background on the Conflict
The tensions between Iran and Israel have been escalating since October 7, 2023, when Hamas launched a surprise attack on Israel, killing over 1,000 people and taking hundreds hostage ². Israel responded with a military offensive in the Gaza Strip to eliminate Hamas. Additionally, Israel has been battling Lebanon’s Hezbollah movement since last month.
Recent Developments
The proposed budget increase comes after Israel carried out strikes on Iran in response to an October 1 missile barrage that killed four Iranian soldiers and damaged radar systems. Iran’s October 1 strike involved 200 missiles and was in retaliation for attacks that killed leaders of Iran-backed groups Hamas and Hezbollah.
Government Response
According to Mohajerani, “All efforts have been made to meet the country’s defence needs and special attention has been paid to this issue.” The proposed budget will be debated, with lawmakers expected to finalize it in March.
Regional Implications
The rising tensions between Iran and Israel have significant implications for regional stability. The two nations accused each other of endangering Middle East peace in a heated exchange at a UN meeting. The situation remains volatile, with no clear resolution in sight.
