Iran to expand military spending, develop missiles


  • World
  • Monday, 09 Jan 2017

Members of Iran's revolutionary guard look at a surface to surface missile which is launched during a war game near the city of Qom, about 120 km (75 miles) south of Tehran June 28, 2011. REUTERS/Mehr News Agency/Rauf Mohseni

DUBAI (Reuters) - Iranian lawmakers approved plans on Monday to expand military spending to five percent of the budget, including developing the country's long-range missile programme which U.S. President-elect Donald Trump has pledged to halt.

The vote is a boost to Iran's military establishment – the regular army, the elite Islamic Revolutionary Guard Corps (IRGC) and defence ministry - which was allocated almost 2 percent of the 2015-16 budget.

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