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Iran to direct majority of oil, gas revenue to IRGC, report reveals

The Jerusalem Post reports: “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 on Thursday.

The government is expected to receive about €24 billion from these exports, which constitutes 37.5% of the total revenue generated, the report stated. Of that amount, approximately €12 billion, or 51%, will be directed toward military spending, according to the report.

The Iranian armed forces, officially known as the Islamic Republic of Iran armed forces, encompass the Army, the Islamic Revolutionary Guard Corps (IRGC), and the Law Enforcement Forces (LEF). Meanwhile, 42.5% of the remaining funds will support the government’s operational expenses, and 6.5% will be allocated for ‘special projects,’ the report indicated…”

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