Rouhani presents Iran budget, says U.S. sanctions to hit lives, growth | Reuters

Rouhani presents Iran budget, says U.S. sanctions to hit lives, growth | Reuters:

Iran’s President Hassan Rouhani on Tuesday presented a $47 billion state budget, about a third of it consisting of subsidies for low income groups, saying U.S. sanctions would affect people’s lives and economic growth but not bring the government to its knees.

U.S. President Donald Trump pulled the United States out of a multilateral nuclear deal with Iran in May and reimposed sanctions on it, including on its vital oil industry.

“America’s goal is to bring Iran’s Islamic system to its knees... and it will fail in this, but sanctions will no doubt affect people’s lives, and the country’s development and economic growth,” Rouhani told parliament in a speech carried live on state television.