Iran to use 20% of state budget to fight coronavirus

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Iran is to allocate 20% of its annual state budget to fighting the coronavirus outbreak in the country, one of the worst-hit in the world, President Hassan Rouhani said on Saturday.

FILE PHOTO: Iranian President Hassan Rouhani speaks during a meeting of the Iranian government task force on the coronavirus, in Tehran, Iran, March 21, 2020. Official Presidential website/Handout via REUTERS

Shut out of international capital markets and facing a further hit to its finances with the collapse in oil prices coming on top of U.S. sanctions, Iran is struggling to shield its economy from the coronavirus pandemic. The allocated amount is worth some $6.3 billion at the rial’s free market exchange rate of about 160,000 rials per dollar. But the government may decide to allocate some of the funds at the official rate of 42,000 which is used to subsidize food and medicine

 

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Can you imagine if we (U.S.) dedicated 20% of our military budget?!

Hezbollah is getting a pay cut

Are you sure?

Yay we hope you guys go broke.

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