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48% of development budget spent so far-Afghan Ministry of Finance

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48% of development budget spent so far-Afghan Ministry of Finance

afghanistan ministry of financeAccording to Afghan Ministry of Finance, Afghan government has spent only 48% of the development budget so far.

With six days to the end of fiscal year, the total expenditure by the Afghan government is expected to rise over 50%.

“Overall expenditure of developing budget as of today is standing at 48 percent, which is a good number in comparison to last year. Last year, total expenditure percentage was forty something percent. Accounts are not closed yet, and total expenditure will be over 50% by the end of the fiscal year,” said Advisor to the Ministry of Finance, Najeebullah Manali.

The High Office of Oversight and Anti-Corruption has had the highest percentage of spending, while the Environmental Protection Agency of Afghanistan has not spent even 1 percent of its developing budget.

Finance Ministry has spent 56% of its development budgets towards various areas such as improvement of financial system and creation of required infrastructures for customs in the borders of Afghanistan.

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