Opec decision to cut production helps boost Iran's budget

Tehran

IRAN'S President Hassan Rouhani presented his budget on Sunday, with Opec's decision to cut production helping to boost its expected oil revenues.

Mr Rouhani's 2017-2018 budget is based on oil prices of US$50 per barrel, up from US$40 last year, with a focus on unemployment, water resources, railways and the environment.