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Afghanistan’s 2014 budget approved by Lower House

in Afghan Business

Afghanistan’s 2014 budget approved by Lower House

approvalThe Lower House of the Afghan Parliament approved the budget for the year 2014 by majority.

The first draft of the budget was rejected when it was first proposed by the Ministry of Finance.

Finding the budget unbalanced, lawmakers said the draft was full of deficiencies and not according to the law.

Some of the reasons why the MPs rejected the draft were: imbalance of development budgets amongst the provinces, huge portion of budget earmarked for security despite the bulk of international aid allocated for security, large amounts of funds allocated for “capacity building” and insufficient funds for infrastructure and agriculture.

Finance Minister Dr. Omar Zakhilwal said up to 70% of the demands and recommendations put forward by the legislators have been incorporated into the second draft, which passed on Wednesday.
Meanwhile, a number of lawmakers opposed the larger allocation of money for emergency and miscellaneous codes.

The budget for 2014 is 428 billion AFN. The ordinary budget has increased to 285 billion AFG from 280 billion AFG while the development budget declined from 268 billion AFG to 247 billion AFG.

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