Hezbollah Financial Memos

CENTEF is embarking on an exciting and innovative new research endeavor to study Hezbollah as a business entity. By using traditional financial analysis, CENTEF is creating cash flow statements to better understand Hezbollah's true financial capabilities. The widely-accepted insight that Hezbollah's budget is roughly $1 billion has never been strenuously studied — until now. We believe this research will lead to new findings and change the perception about Hezbollah's true budget and Iran's role in sponsoring instability and terrorism in the Middle East. While we strive for valid assumptions, we recognize that a precise picture is difficult. These figures, our best estimates, should be regarded as approximations to provide a general picture of Hezbollah’s fiscal status. Our report relies on both expertise and AI to arrive at final figures. Please check this page regularly to follow our latest research on this project.