December 25, 2018 8:40 PM

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Iran presents first budget since US sanctions restored

<span style="color: #222222;">Iran's President Hassan Rouhani on Tuesday presented next year's budget to parliament, the first since the United States restored sanctions that had been lifted under the nuclear deal.</span><br />'' <br />'' <span style="color: #222222;">Mr Rouhani told the parliament that the sanctions are going to affect people's lives, the country's development and economic growth. He called for curbing the government's dependence on oil income. </span><br />'' <br />'' <span style="color: #222222;">The 47.5 billion dollar budget is less than half the size of last year's. </span><br />'' <br />'' <span style="color: #222222;">This is primarily due to the severe depreciation of rial following US President Donald Trump's decision to pull out the multilateral nuclear deal with Iran in May. </span><br />''  

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