Proposed Iran federal budget reduces oil reliance
Iranian President Hasan Rouhani has presented parliament with a draft budget that would reduce the government's reliance on oil revenues.
The $72 billion budget, unveiled Sunday, is about 6 percent more than the previous year's budget of $68 billion.
Oil revenues will make up just 33 percent of the proposed budget for the next Iranian calendar year that begins March 21, while it was 50 percent the previous year.
