17bn AFN increase in development funds in Afghanistan’s 2018 budget

in Afghan Business

17bn AFN  increase in development funds in Afghanistan’s 2018 budget

The lower of the Afghan parliament, Wolesi Jirga, approved the national budget for 2018 on Wednesday after rejecting it the first time on December 16 for lack of “balance”  among provinces.

The lower house had proposed 267.2 billion Afghanis in general funds and 93.7 billion Afghanis in uplift spending.

On Monday, the Ministry of Finance submitted a revised budget which received severe criticism again for failing to address the  lack of balance issue.

The budget was finally approved on Wednesday after a 17bn Afghani increase was added to the development budget in the revised version of the draft budget.

According to Amir Khan Yar, head of the Wolesi Jirga economic commission, eight percent of projects dropped in the earlier draft have been included and proposed administrative units, to which additional funds were allocated, reduced from 10 to six.

Furthermore, the precautionary budget of 56 billion Afghanis has been slashed to 54 billion Afghanis. He added the 161 billion AFN of the projected funds was expected from government revenue and the rest from foreign aid.



Related Articles

Exhibition of facsimile prints on Mughals Arts, Culture and Empire held in Kabul

An exhibition on the selection of facsimile prints on Mughals:Arts, Culture and Empire from the British Library collections is being

New building constructed for Da Afghanistan Bank branch in Takhar province

A branch of Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), in northeastern Takhar province moves to a newly-constructed building equipped

Russia supplies fuel to Afghanistan to stable fuel prices

Russia has supplied 10,000 tons of fuel to Afghanistan to help stable the oil prices in Afghanistan. The contract for

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Your e-mail address will not be published.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.

cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china cheap nba jerseys from china wholesale nba jerseys from china discount nba jerseys from china