Budget
See also: Economy of Iran and Public finance in IranIran's 2007 defense budget was estimated to be $7.31 billion by London's International Institute for Strategic Studies. This was $102 per capita, a lower figure than other Persian Gulf nations and lower as a percentage of gross national product than all other Persian Gulf states (2.6% of GDP in 2007). This makes Iran's ranking the 25th largest defense expenditure globally.
According to the Stockholm International Peace Research Institute the 2008 military expenditure was $9.174 billion, 2.7% of the GDP.
On February 2012 President Mahmoud Ahmadinejad presented the administration’s draft of the national budget bill for Iranian calendar year 1391 which shows an increase of 127 percent for defense budget.
Read more about this topic: Armed Forces Of The Islamic Republic Of Iran
Famous quotes containing the word budget:
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)