Iran increases defense budget 127 percent for next year

TEHRAN, Feb. 1 (MNA) - Iranian President Mahmoud Ahmadinejad presented the year 1391 budget bill to the Majlis on Wednesday in which the defense spending gets a 127 percent increase. The next Iranian fiscal year begins on March 20, 2012. The whole budget is 5,100,000 billion rials, showing a 20,000 billion rial increase in comparison to the current year.