The $100 billion budget was presented to parliament over the weekend by President Hassan Rouhani. The document has to be approved by the end of this Iranian year on 20 March.
The oil price assumption ranges between $45 and $55 per barrel, compared with $40 assumed in the current year’s budget.
In presenting the draft of the budget to parliament, Rouhani also cited indications in Washington that the incoming US president, Donald Trump, might toughen existing anti-Iran sanctions or extend them.
