Iran's upcoming budget plan reveals that more than half of the revenue from oil and gas exports will be allocated to the nation's armed forces, according to a report by Iran International. The government is expected to receive about €24 billion from these exports, of which approximately €12 billion, or 51%, will be directed toward military spending. The remaining funds will support the government's operational expenses and be allocated for 'special projects.' The budget also includes an increase in the official euro exchange rate, which is expected to significantly boost military funding from oil revenue. The armed forces will sell oil on international markets, with the majority expected to be sold to China.
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Original article source: https://www.jpost.com/middle-east/iran-news/article-825943
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