Home NEWS IRAN NEWS Report: Iran Deal Would Increase Available Terrorist Financing By $3.1 Billion

Report: Iran Deal Would Increase Available Terrorist Financing By $3.1 Billion

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Report: Iran Deal Would Increase Available Terrorist Financing By $3.1 Billion

A new report examining the Iran nuclear deal has found that assuming current budget trends hold, the Islamic Republic would increase the budget of its paramilitary force by 50 percent.
According to Rachel Hoff at the American Action Forum, a center-right policy institute, the deal would generate approximately $140 billion in funds, owing to international economic sanctions relief and unfrozen assets. Given that Iran spends about 3.4 percent of its budget on defense, this would mean an additional $3.1 billion dollars for the Islamic Revolutionary Guard Corps (IRGC), the elite force that actively supports terrorist organizations across the Middle East.
U.S. officials, including the under secretary of Treasury for Terrorism and Financial Intelligence, have determined that unfreezing assets would leave Iran with $100 billion. Some experts and even other officials have raised disagreement with the cited figure, saying that the real number is instead much smaller. Secretary of State John Kerry told the Senate Foreign Relations Committee last month that removing sanctions would only result in around $50 billion. President Barack Obama, however, recently argued that Iran would have access to roughly $150 billion in assets outside of Iran.
While no consensus has formed around a single number, the generally accepted range falls somewhere between $100 and $150 billion. The Iranian defense budget, according to studies from the United States Institute of Peace and the Center for Arms Control and Nonproliferation, is likely between $12 and $14 billion. The caveat is that Iran probably does not accurately report its spending, but in this case, that means the figures are minimums, rather than spending ceilings.


Daily Caller News Foundation, 5 August 2015