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Ahmadinejad wants to double Iran's defense budget

Posted By -NO AUTHOR- On 02/01/2012 @ 9:38 pm In Front Page,World | No Comments

(REUTERS) — Iran’s defense spending would more than double under plans set out by President Mahmoud Ahmadinejad on Wednesday, but critics said his overall draft budget took too little account of economic pressures posed by mounting international sanctions.

Ahmadinejad presented to parliament a budget based on a 20 per cent rise in tax revenues, but some analysts thought this unrealistic as Iran struggles with threats to key oil revenues from sanctions linked to its disputed nuclear ambitions.


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