Iranian President Hassan Rouhani, left, submits the draft of his next year's budget bill to the parliament speaker Ali Larijani in an open session of parliament in Tehran, Iran, Sunday, Dec. 4, 2016. (AP Photo/Vahid Salemi)
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Iranian President Hassan Rouhani proposed 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.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. Rouhani is under pressure to sustain economic growth as his hard-line opponents, who were against the nuclear agreement, say he has failed to improve living standards as much as hoped after the lifting of sanctions.So the draft budget partially loosens the conservative fiscal policy, which Rouhani adopted after taking power in 2013 .The current year's budget, compiled when inflation was considerably higher, represents a rise of slightly over 7 percent from the previous year's plan.
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