Iran's President Hassan Rouhani (R) hands out documents to Parliament Speaker Ali Larijani after presenting his budget for 2018-2019 on December 10, 2017, in Tehran. / AFP / ATTA KENARE
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Iranian President Hassan Rouhani proposed to Parliament Sunday a conservative state budget of about $104 billion for next year, with the outlook for the economy and state revenues clouded by tensions with the United States.Rouhani announced a draft budget for the Iranian year starting next March 21 of 3,681 trillion rials ($103.9 billion at the official exchange rate), excluding the spending of state enterprises.That is up about 6 percent from the budget plan for the current year, but since inflation is running at nearly 10 percent, the budget extends the conservative fiscal policy which Rouhani introduced after taking office in 2013 .Unemployment, officially put at around 12.5 percent, is a major cause of public concern and Rouhani said in his speech that 840,000 people would enter the job market next year.
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