Reuters� - President Hassan Rouhani presented an annual state budget of 4,700 trillion rials ($47 bln at the free market rate) to parliament on Tuesday, saying U.S. sanctions would affect Iranians� lives and growth but not bring the government to its knees.

�America�s goal is to bring Iran�s Islamic system to its knees... and it will fail in this, but sanctions will no doubt affect people�s lives, and the country�s development and economic growth,� Rouhani told parliament in a speech carried live on state television.

He gave the value of the draft budget at about 4,700 trillion rials for the next Iranian year which starts on March 21, 2019.