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

President Hassan Rouhani speaks in a meeting in Tehran, Iran, Wednesday, Dec. 4, 2019. (AP)
Updated 08 December 2019

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

  • Rouhani said the draft state budget was designed to resist US sanctions

TEHRAN: Iran’s President Hassan Rouhani on Sunday presented to parliament what he called a “budget of resistance” against crippling sanctions imposed by arch-enemy the United States.

“Next year, similar to the current year, our budget is a budget of resistance and perseverance against sanctions,” Rouhani told parliament in remarks broadcast on state radio.

“This budget announces to the world that despite sanctions we will manage the country, especially in terms of oil,” he added.

The budget for the financial year starting late March 2020 comes after fuel price hikes that were imposed in mid-November triggered deadly demonstrations across the Islamic republic.

In his speech, Rouhani announced a 15 percent increase for public sector wages in a country whose economy has been battered by US sanctions.

US President Donald Trump began imposing punitive measures in May 2018, after unilaterally withdrawing from an accord that gave Iran relief from sanctions in return for limits on its nuclear program.

The International Monetary Fund has forecast that Iran’s economy will contract by 9.5 percent this year.


Iran says coronavirus deaths top 11,000

Updated 53 min 24 sec ago

Iran says coronavirus deaths top 11,000

  • Official figures have shown a rising trajectory in fatalities and new confirmed cases in recent months
  • The country is struggling to contain the Middle East’s deadliest outbreak of COVID-19

TEHRAN: Iran’s death toll from the novel coronavirus passed 11,000 on Thursday, the health ministry said, as the country struggles to contain the Middle East’s deadliest outbreak of COVID-19.
Official figures have shown a rising trajectory in fatalities and new confirmed cases in recent months, after Iran reported a near-two month low in daily recorded infections in early May.
“In the past 24 hours, we lost 148 of our compatriots due to infection with COVID-19,” health ministry spokeswoman Sima Sadat Lari said on state TV.
That brings Iran’s overall death toll to 11,106, she added.
She also raised the country’s coronavirus caseload to 232,863, with 2,652 new confirmed cases in the past day.
“Unfortunately, the number of hospitalizations is increasing in most of the country’s provinces,” Lari said.
The resurging overall numbers have seen some previously largely unscathed provinces classified as “red” — the highest level on Iran’s color-coded risk scale — with authorities allowed to reimpose restrictive measures if required.
They include Bushehr, Hormozgan, Kermanshah, Khuzestan, Khorasan Razavi, Kurdistan, and West and East Azerbaijan, all located along Iran’s borders.