English | دری

Afghan Senators approve next year’s budget

in Afghan Business

Afghan Senators approve next year’s budget

The Meshrano Jerga or the Senate has given their approval for next year’s budget beginning on December 21.

The government has proposed 170bn AFN for the development budget and 196 AFN for the general budget.

The budget received criticism from a number of senators for its failure to earmark funds to the less developed provinces.

Finance Minister Omar Zakhilwal said the budget was essentially based on the current available resource and development priorities.

The security sector has been allocated 39.6 percent of the budget, with government departments and natural resources getting 15.6 percent of the total outlay. Similarly, 15.1 percent of the proposed funds will go to the education sector and 6.9 percent to agriculture and rural development.

According to the draft budget, 3.8 percent will be spent on public health, 4.2 percent on good governance and rule of law, 2.8 percent on the economy and 1 percent on social security. The presidential discretionary fund has been projected at 8.3 percent.



Related Articles

Cubic Tracking Solutions to use asset tracking technology

San Diego- Cubic Global Tracking Solutions, the asset management and visibility solutions provider of Cubic Corporation (NYSE: CUB), has been awarded

Afghan businesses slumping due to insecurity and corruption

Construction companies say that construction works this year in Afghanistan have been greatly reduced compared to previous years. As the

Gas prices soar, other commodity prices remain stable in Kabul market

Pajhwok Afghan News Weekly Price Report- Gas prices have soared in Kabul market and other daily-use commodities rates stayed stable.

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.