Iran to expand military spending, develop missiles: Iranian lawmakers approved plans on Monday to expand military spending to five percent of the budget, including developing the country's long-range missile program which U.S. President-elect Donald Trump has pledged to halt.
The vote is a boost to Iran's military establishment – the regular army, the elite Islamic Revolutionary Guard Corps (IRGC) and defense ministry - which was allocated almost 2 percent of the 2015-16 budget.
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