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| December 11, 2017

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Iran's Rouhani proposes budget rise as Trump election threatens growth -

Iranian President Hassan Rouhani takes part in a news conference near the United Nations General Assembly in the Manhattan borough of New YorkBy Andrew Torchia DUBAI (Reuters) – Iranian President Hassan Rouhani proposed on Sunday a state budget of about $ 100 billion for next year, loosening the purse strings to support economic growth as Donald Trump's election threatens to put renewed pressure on Tehran. The U.S. president-elect said during his campaign that he would scrap last year's nuclear agreement between Iran and world powers, in what would be a big blow to the Iranian economy just as it emerges from years of sanctions. Rouhani announced a draft budget for the Iranian year that will start on March 21 of 3,200 trillion rials ($ 99.7 billion at the official exchange rate), excluding state enterprises.



Economy News Headlines – Yahoo! News

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