DUBAI (Reuters) - Iranian President Hassan Rouhani will hike military spending by more than a third in the next fiscal year despite presenting a “cautious, tight” budget to parliament on Sunday in response to falling oil prices and punishing sanctions arising from the country’s disputed nuclear programme. Rouhani proposed a general budget of 8,400 trillion rials (199.25 billion pounds) at the official exchange rate) for the Iranian fiscal year starting March 20, 2015. This includes the entire the sprawling public sector. ...
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