Iran unveils `budget to resist US sanctions` with help from $5bn Russian loan
(The Guardian Iran)

President Rouhani claims Iran can manage, but IMF hints oil prices need to be triple current levels to balance budgetIran´s president has presented a draft state budget of about $39bn (£30bn) to parliament, saying it was designed to resist US sanctions by limiting dependence on oil exports.Officials have not given figures for the oil price and export volumes used in the calculations, although the International Monetary Fund has indicated Iran would need oil prices to be triple current levels to balance its budget as its crude exports have plunged. Continue reading...