English | دری

Proposed budget presented to the House of Representatives

in Afghan Business

Proposed budget presented to the House of Representatives

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 or the House of the Representatives.

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%.

Minister Zakhilwal once again ruled out the propaganda about Afghanistan facing an economic crisis after 2014 and reiterated that the foreign community has pledged to stand by Afghanistan.



Related Articles

Afghanistan a step closer to winning WTO membership

Afghanistan signed a cooperation agreement on trade with Washington, one of the key members of the World Trade Organization (WTO).

Pakistan to initiate transit trade from its land

Pakistan has decided to open its land routes for transit trade as per an international agreement signed in December in

Kabul Bank up for sale

Afghanistan’s first private sector bank, Kabul Bank, is being put up for sale, senior officials announced on Saturday. The plan

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Your e-mail address will not be published.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.