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World / Middle East

Rouhani says Iran budget set to resist US sanctions by curbing oil dependence

Published: 08 Dec 2019 - 09:34 am | Last Updated: 09 Nov 2021 - 05:29 am
Iranian President Hassan Rouhani makes a speech during 26th National Conference on Insurance and Development in Tehran, Iran on December 04, 2019. ( ?ran Cumhurba?kanl??? / Handout - Anadolu Agency/ IRANIAN PRESIDENCY / HANDOUT )

Iranian President Hassan Rouhani makes a speech during 26th National Conference on Insurance and Development in Tehran, Iran on December 04, 2019. ( ?ran Cumhurba?kanl??? / Handout - Anadolu Agency/ IRANIAN PRESIDENCY / HANDOUT )

Reuters

DUBAI, Iranian President Hassan Rouhani presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist US sanctions by limiting dependence on oil exports, which Washington has targeted.

US President Donald Trump pulled the United States out of a multilateral nuclear deal with Iran last year and reimposed sanctions on Iran, focusing on its vital oil industry.

"This is a budget to resist sanctions ... with the least possible dependence on oil," Rouhani told parliament, according to state television.

He gave the value of the draft budget at about 4,845 trillion rials