English | دری

House of Representatives rejects the draft budget

in Afghan Business

House of Representatives rejects the draft budget

wolesi jirgaThe Wolesi Jirga or the House of the Representatives rejected the draft budget amid complaints that the approval process was always inordinately delayed, creating hurdles to optimum utilization of funds.

After the Senate’s approval of the budget, Finance Minister Omar Zakhilwal presented the draft budget for the next fiscal year, beginning on 21 December, to Wolesi Jirga last month.

Minister Zakhilwal explained that 70% of the development budget worth 170bn AFN would be financed by foreign aid and the remaining 30% would be financed by the government revenue. Similarly, 55% of the general budget worth 196bn would be based on national revenue and the remaining 45% would come from foreign assistance.

The budget breakdown, as explained by Minister Zakhilwal, is as follows:

Security Sector: 39.6%

Government department and natural resources: 15.6%

Education Sector: 15.1%

Agriculture Sector and Rural Development: 9.6%

Public Health: 3.8%

Good Governance and Rule of Law: 4.2%

Economy: 2.8%

Social Security: 1%

The presidential discretionary fund has been projected at 8.3%.



Related Articles

India, Afghanistan to set up air transport corridor bypassing Pakistan

India and Afghanistan are planning to set up an air transport corridor to help increase trade between the two nations

TAPI project in a limbo once again

The much-awaited Tajikistan-Turkmenistan-Pakistan-India (TAPI) gas pipeline project is once again in a limbo after Turkmenistan backed off from the project

Germany pledges 350mn Euros for Afghanistan’s reconstruction in 2016

The German government has pledged to provide 350mn Euros for Afghanistan’s reconstruction in 2016. The announcement was made by German

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Your e-mail address will not be published.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.