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 program. Rouhani proposed a general budget of 8,400 trillion rials ($312.13 billion 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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