English | دری

Parliament Approves Federal Budget

in Afghan Business

Parliament Approves Federal Budget

Afghanistan’s House of Representatives finally approved the budget for the current fiscal year on Saturday after having rejected it twice in the past month.

This year’s budget for 1391 was approved after the Ministry of Finance made changes to the allocated amounts for the President and Kabul Bank, Afghan Minister of Finance Hazrat Omar Zakhilwal said.

Speaking at the House of Representatives, Zakhilwal said $1 million was deducted from the President’s allocated budget and $15 million was deducted from Kabul Bank’s allocation.

The previous draft rejected by Parliament had allocated $80 million to Kabul Bank.

Previously, Afghan parliamentarians had called the budget unbalanced and criticised it for over-allocating to the President and Kabul Bank.

Some MPs had said that giving $80 million to Kabul Bank would be a national treason if approved.

After the budget was rejected for a second time, the Finance Deputy Minister Mustafa Mastoor said that MPs had rejected it because they wanted an increase in their own budget.

In reaction to his comments the MPs called for him to be sacked or they would never approve the budget.

Zakhilwal said he did consider the matter.

“I discussed the issue with Afghan President, he said that Mustafa Mastoor is an educated person and should remain in his position,” he said.

Source: ToloNews

Related Articles

Baghlan province strengthening services for population with German support

Over the past three days, line departments in Baghlan completed new programs and measures to offer more services for the

Three Development Projects Completed in Badakhshan Province

Three sub-projects of the National Solidarity Program (NSP) of the Ministry of Rural Rehabilitation and Development (NRRD) was recently completed

Afghan businesses slumping due to insecurity and corruption

Construction companies say that construction works this year in Afghanistan have been greatly reduced compared to previous years. As the

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Your e-mail address will not be published.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*