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
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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 Guards vow ‘stronger’ response than in January if new protests erupt

Updated 5 sec ago
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Iran Guards vow ‘stronger’ response than in January if new protests erupt

  • The warning comes two weeks into Iran’s war with the United States and Israel
TEHRAN: Iran’s Revolutionary Guards, the ideological arm of the country’s military, warned on Friday that any new protests against the authorities would be met with a stronger response than in January, when several thousand people were killed.
“The evil enemy, failing to achieve its field battle goals, is once again pursuing the instillation of fear and street riots,” the Guards said in a statement broadcast on TV, promising “a stronger blow than on January 8” in the event of new unrest.
The warning comes two weeks into Iran’s war with the United States and Israel in which Israeli Prime Minister Benjamin Netanyahu says one of the aims is to “create, for the Iranian people, the conditions to bring down” the Iranian government.
US President Donald Trump has also called for Iranians to rise up and overthrow their government.
In December, protests against the high cost of living in Iran turned into a broad protest movement against the authorities.
It reached its peak on January 8 with what Iranian authorities called “riots” blamed on “terrorists” working on behalf of Israel and the United States.
The official death toll from Iranian authorities stands at more than 3,000, with the government saying the vast majority were members of security forces or passers-by.
NGOs based abroad have accused the security forces of deliberately firing on demonstrators.
The Human Rights Activists News Agency, based in the United States, says more than 7,000 people were killed.
Iran became an Islamic republic in 1979.