The Obama administration’s $1.7 billion payment to Iran will likely prompt Tehran to use a chunk of it, about $37.4 million, to fund global terrorism, according to an analysis of Iran’s budget and spending practices.

The American Action Forum did the math and determined that the Islamic Revolutionary Guard Corps would get the payment and spread it around the Middle East terrorist network it funds.

From AAF Thursday:

When the Obama administration sent Iran a total of $1.7 billion in cash earlier this year, many questioned if these payment constituted a “ransom” for the release of American prisoners. The State Department, however, insists the cash was only used as “leverage” to ensure the prisoners were released. (The United States has a longstanding policy that it does not pay ransoms for American prisoners or hostages.) The nature of the cash transfers to Iran is an important question, but it is also worth considering the payment itself.