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IMF Loan to Cover 46% Deficit in Afghan National Budget for Fiscal Year 1400

Afghanistan will receive over USD 225 million in payable loan from the International Monetary Fund (IMF) to cover 46% deficit in the national budget for fiscal year 1400. National debt has amounted to USD 1.5 billion, which is anticipated to

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Afghan Gov’t Allocates About $900mn for Code 22

The Afghan government has allocated a budget of USD 893mn for Code 22, generic prescriptions propecia which is used for the purchase of furniture and food, travel expenses and maintenance of buildings, vehicles and equipment of government offices. This year’s budget has not

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Afghan Finance Minister briefs Lower House on national revenue

Afghan Finance Minister Eklil Hakimi and Deputy Finance Minister Karim Baz provided information on the national revenue and other activities and achievements of the ministry to the Wolesi Jirga or the Lower House of the parliament. Hakimi highlighted the achievements

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Afghanistan’s 2017 budget ranked 2nd most transparent in the region

Afghanistan’s 2017 budget received a score of 49 out of 100 in the Open Budget Index survey, making it the where to purchase viagra second most transparent in the region. The Open Budget Index survey assesses the availability of eight key budget documents in

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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

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Afghan government approves fiscal budget for year 1397

The 1397 fiscal year budget was approved in principle during a meeting of the cabinet of ministers under the chairmanship of President Mohammad Ashraf Ghani. The budget consists of 357,691,493,000 Afghanis for the development and ordinary expenditures of the government

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Afghan parliament approves draft budget for 1396 fiscal year

The Lower House of the Parliament, Wolesi Jirga, approved the draft budget for the fiscal year 1396 on Monday. The budget was rejected by the lawmakers when it was first submitted in December, 2016 due to “imbalance” in development and

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Afghanistan’s 2016 budget focuses on mega development projects

Afghanistan’s 2016 draft budget has been approved by the upper house f the parliament, the Meshrano Jirga, and is currently pending for approval at the lower house, the Wolesi Jirga, where the plan is being debated by lawmakers and various

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Afghan Finance Ministry waiting for budget approval

The Afghan Ministry of Finance (MoF) officials have called on the lawmakers to assess and approve the budget before the end of the fiscal year. This comes as only 24 days are left for the House of Representatives and the

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Decline in aid causes deficit in Afghanistan’s development budget

Afghan Ministry of Finance has expressed concerns over the decline in aid from donor countries. The inflow of aid has slowed down lately due to the prolonged election process and uncertainty about Afghanistan’s political instability. Spokesperson for the Finance Minister,

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The state of Afghanistan’s national finances

Many reports have been circulating during the last few days about the state of public finance in Afghanistan. Based on empirical guesses of incomplete information, these reports contribute to the uncertainty of the political landscape in Afghanistan. To provide a

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Menial budget allocated for Afghan Football Federation for 2014

Despite the tremendous achievements of Afghanistan’s national football team, the Ministry of Finance has slashed the budget for the Afghan Football Federation (AFF) for 2014. Finance Ministry has earmarked a total of USD 700,000 to the AFF with no additional

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Kandahar Province does not receive development budget

Kandahar officials claimed that they did not receive their development budget of USD 35mn allocated for the current fiscal year. They criticized their government for their failure in providing funds. “”The progress we have made in Kandahar province are because

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70 MPs agree to summon ministers

Seventy members of the Lower House of the Parliament or the Wlesi Jirga signed papers on Saturday for summoning nearly a dozen ministers for under-spending development funds for 2011. The annual accounts of the ministries were discussed by 18 parliamentary

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Finance Ministry to amend the draft budget after rejection from the Parliament

According to spokesman Wahid Tawhidi, the Ministry of Finance is working to amend the draft budget that was rejected by the House of Representatives last week. “We are working on the budget and will see if we can make more

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House of Representatives rejects the draft budget

The Wolesi Jirga or the House of the Representatives rejected the draft budget amid complaints that the approval process was always inordinately delayed, creating hurdles to optimum utilization of funds. After the Senate’s approval of the budget, Finance Minister Omar

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Proposed budget presented to the House of Representatives

After the Senate’s approval of the budget, Finance Minister Omar Zakhilwal presented the draft budget for the next fiscal year, beginning on 21 December, to Wolesi Jirga or the House of the Representatives. Minister Zakhilwal explained that 70% of the

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House of Representatives rejects the proposed development budget for next year

Reduction in the development budget has been a major issue for implementation of development projects in the country. Some of the House Representatives rejected the budget proposed to them on Wednesday and said the reason for reduction in the development

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Municipality doubles budget for Mazar uplift

The municipality department in northern Balkh province plans to double development funds for Mazar-i-Sharif this year, the mayor said on Tuesday. Twenty-five development projects would be implemented this fiscal year in the provincial capital, said  Mayor Yunus Muqeem He said

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Government Revenue went up by 28%

Ministry of Finance officials have reported an increase of 28% in the government revenue for the financial year 1390. Mr. Aziz Shams, spokesperson to the Ministry of Finance, said that the revenues from 1390 have reached 98 billion Afs compared

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Reasons for budget rejection yet to be addressed: MPs

Members of the Wolesi Jirga, the lower house of Parliament, on Saturday said changes to the proposed annual budget did not address the basic reasons for its rejection. On March 18, the assembly rejected the budget due to uneven allocations

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1391 Budget Plan Should be More in Favor of Higher Education, urges Afghan Parliament

Many Parliamentary members recommended reducing the budget allocated for the president office but rather increasing the budget allocated for higher education. Today’s plenary meeting discussed the draft of law on structure and authorization of judicial organ and the 1391 budget

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Finance ministry to bring changes to budget

The finance ministry on Sunday promised bringing changes to the annual budget, hours after its rejection by an overwhelming majority of Wolesi Jirga, lower house, members. The national assembly refused to endorse the proposed accounts due to uneven allocations to

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