English | دری

Afghan Finance Minister Updates Senate on National Budget

in Afghan Business

Afghan Finance Minister Updates Senate on National Budget

Dr. Mohammad Humayon Qayoumi, Acting Minister of Finance and Chief Advisor on Infrastructure to the President, along with Dr. Mohammad Karim Baz, Deputy Minister for Parliamentary Affairs participated in Meshrano Jirga General Meeting where they presented the FY-1398 National Budget to the respected senators according to article 98 of Afghanistan Constitution.

Qayoumi provided precise information to the members of Meshrano Jirga about collection of domestic revenue in accordance with financial plan and its increase by 30% compared to FY-1393.

In the meeting, Minister Qayoumi assured them that their comments on the national budget would be considered in accordance with the laws of the country and available facilities. 

He requested them to approve  the national budget and submit it to the Wolesi Jirga soon to allow for timely  implementation of development projects. 

The total amount of the national budget for FY-1398 is 399 billion AFN, 275 billion AFN of which is the ordinary budget and 124billion AFN is the development budget.

Most of the development budget is allocated for five sectors: 52 billion AFN for Infrastructure, 23 billion AFN for agriculture and rural development, 13 billion AFN for health, 8.8 billion AFN for  governance and 6.8 billion AFN for education.

In FY-1398 national budget, the focus is on development budget which is 12% higher compared to FY-1397 national budget.  However, there has been a saving in ordinary budget.

Related Articles

First-ever rice mill inaugurated in Nangarhar

The first-ever rice mill was officially inaugurated in eastern Nangarhar province on Wednesday. A local company, Sami Ibrahim Construction, has

Nangarhar to add a seminary and a hospital to the township

As part of Nangarhar’s township program, an international-standard seminary and a 1,000-bed hospital would be built in the Ghazi Amanullah

Germany funds new women’s dormitory at Badakhshan University for 260 female students

Badakhshan University celebrated the official opening of a new women’s dormitory in Faizabad, the provincial capital. Built by the Department

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Your e-mail address will not be published.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.