Iranian lawmakers approved a bill that obliges the administration to allocate 5% of the annual state public budget to the country’s defence sector, starting from the current Iranian calendar year (commenced Mar 20).
In an open session of the parliament on Monday, the MPs approved the proposal to further reinforce the defence capabilities of the Islamic Republic, as a regional power.
According to the law, President Hassan Rouhani’s administration must allocate at least 5% of the public budget to projects aimed at bolstering the country’s defensive power.
Earlier this year, the head of the Iranian parliament’s defence committee stressed the need to boost the country’s defence budget.
“Currently, the country’s defence budget is meagre in comparison with some regional countries,” Esmail Kowsari told Tasnim in January, adding that it had to increase.
In recent years, Iran has made great achievements in enhancing its defence capabilities.
Tehran has always assured other nations, though, that its military might poses no threat to the regional countries, saying that the Islamic Republic’s defence doctrine is entirely based on deterrence.