Breaking News
Nomad Sedentarisation One of the Growing Sources of Conflict in Afghanistan: AREU Study Finds
...
A 10-km Road Benefiting 600,000 Citizens Being Built in Badakhshan
...
20 New Factories Established in Herat’s Industrial Park
...
Germany’s New EUR 72mn Funds to Afghanistan Conditional Upon Good Governance
...
Afghan Female Entrepreneur Among 2020 Visionary Awards Honorees of Silicon Valley Forum
...
Afghanistan Increases Use of Renewable Energy Sources
...
Afghan lawmakers unanimously reject draft national budget
Afghanistan has entered the new fiscal year but without a national budget.
The lawmakers unanimously rejected the draft national budget for the year 2015, calling it unbalanced and unjustified.
Around 458.8bn AFN is estimated for the new fiscal year’s budget, which includes 275bn AFN for the ordinary budget and 183bn for the development budget.
The Senate passed on the draft budget to the House of Representatives without any approval or rejection last month.
In the meantime, Afghan Finance Minister officials insisted that the budget is balanced, economical and based on national interests.
The delayed budget draft could have detrimental effects on the country’s economy, as a number of development projects have been stalled due to lack of funds.
Related Articles
Business confidence dwindles, as BSA swings in the wind
Unsure about Afghanistan’s security situation, businessmen and investors have begun withdrawing or stalling their capital and assets. Business confidence tumbled
Reduction in Agricultural Production in Ghazni
Ghazni officials reported that the production of wheat and some other grains in Ghazni has declined. “Constant droughts have resulted
Afghan businesswoman builds a women trade center in Kandahar
An Afghan businesswoman builds an all-women trade center, called “Afghan Sisters Market”, in Kandahar City, the capital of southern Kandahar
