Iran: Government issues ‘resistance’ budget

The government of President Hassan Rouhani has set out a budget with revenues and spending of around IR4,845trn for the next fiscal year, starting on 20 March 2020; this is equivalent to around $36bn at the current market exchange rate of$1=IR133,500. Rouhani called it “a budget of resistance and perseverance against sanctions… with the least possible dependence on oil,” when presenting the finance bill to the Majlis-e Shura-ye Eslami (parliament) on 8 December.