Iran draft budget eyes growth, more oil sales despite sanctions By Reuters

Iran draft budget eyes growth, more oil sales despite sanctions By Reuters
Iran draft budget eyes growth, more oil sales despite sanctions© Reuters. FILE PHOTO: Iran’s President Ebrahim Raisi stands before a meeting with Syria’s Foreign Minister Faisal Mekdad in Tehran, Iran, December 6, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS

DUBAI (Reuters) -Iranian President Ebrahim Raisi presented an upbeat state budget on Sunday that aims for 8% economic growth and increased sales of 1.2 million barrels per day (bpd) despite continued U.S. sanctions.

World powers and Iran were locked in talks this week on reviving their 2015 nuclear deal and lifting U.S. sanctions, with Britain and Germany warning that time may be running out.

Iran’s top budget official has said the fiscal plan for the next Iranian year which starts on March 21 was drawn up on the assumption that the U.S. sanctions would continue.

“The growth projects include 4.5% in investment growth and 3.5%…

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