The Kabul Times.
National Social

MoF sends “non-foreign aid’ budget proposal to cabinet


The Ministry of Finance says that the draft budget for solar year 1401 has been prepared and will
be sent to the cabinet for approval.
Officials at the Ministry of Finance said that it is the first time in two decades that the national
budget has been prepared without accounting for foreign aid in the country.
Ahmad Wali Haqmal, spokesman for the Ministry of Finance, said that the revenue that has been
collected from customs and other domestic sources was considered in the 1401 budget.
“This is the first time in the past twenty years or two decades that we have made this kind of budget that does not rely on foreign aid, and we have made this budget through our domestic revenues,” said Ahmad Wali Haqmal, spokesman for the Ministry of Finance.
Haqmal added that the money collected from customs and other domestic sources will be enough for the domestic expenses of the country “In general, all of our internal resources and revenue sources are active and it’s getting better day by day; the key is that there is no corruption in its collection,” Haqmal said.
Meanwhile, some economists say that the cutting-off of billions of dollars of foreign aid to Afghanistan will affect the implementation of major development projects in the country.
The exact budget for the fiscal year 1401 has not yet been determined, while the budget for 1400 in the previous government was more than 473 billion Afghanis, of which 311 billion was allocated for the ordinary budget and another 161 billion went to the development budget.
And more than 70% of the total budget was from foreign aid pledged.
The Kabul Times

Related posts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Kabul Times.