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BBCI: Iran votes to boost military defence by $500m

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Iran Allocates $520Mln for Missile Program in Response to New US Sanctions - AFP

Tensions between Tehran and Washington have grown since President Trump took office.

As some lawmakers chanted "Death to America", Iran's parliament on August 13 granted its initial approval for increased funding of Teheran's missile program and the Islamic Revolutionary Guard Corps (IRGC) Quds Force.

The countermeasures, which were approved by 240 Iranian lawmakers on Sunday, would see more money allocated to Iran's missile program as well as to the Quds Force, the Revolutionary Guards' extraterritorial operations branch, among other measures.

"The Americans should know that this was our first action to confront terrorist and adventurist actions by the United States in the region", parliamentary speaker Ali Larijani said after the vote.

The Iranian parliament voted Sunday for allocating $520 million on the development of its own missile program in response to U.S. sanctions, Agence France-Presse (AFP) reported.

Representing the government, Iranian Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi, who served as a senior negotiator in the nuclear talks with the P5+1 powers, described the legislation as "wise", adding that the government of President Hassan Rouhani will support it.

It mandates the government to allocate an additional Dollars 260 million for the "development of the missile programme" and the same amount to the Revolutionary Guards' foreign operations wing, the Quds Force, state news agency IRNA said.

The bill allows for a boost in spending on Tehran's missile program and the Islamic Revolution Guards Corps' defense mechanism.

He praised the bill, saying it "was designed wisely so that it does not violate the (nuclear deal) and provide excuses for opposing sides".

But last month he backed away from his pledge to withdraw from the agreement. "Iran boasts potential and actual options to confront hostile U.S. actions".

A number of recent close encounters between United States ships and Iranian vessels in the Gulf have added to the tensions between the two countries.

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