Afghanistan approves budget for the fiscal year

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KABUL, 22 February, 2021 (TON): On Monday, the Afghan parliament approved the current fiscal year’s budget.

The budget got approved when the majority voted after weeks of tensions between the two-state branches over the document.

The parliament rejected the budget’s draft twice since the fiscal budget year started on 1 December, 2021.

The MPs said, the lawmakers and the Finance Ministry officials agreed on Sunday on all the 19 disputed points, however; they still have to agree on the allocation of the budget for the High Council for National Reconciliation as well as over the reduction in the number of development projects.

The estimated budget for the fiscal year 1400 is over 473 billion Afs (nearly $6 billion), including 311 billion Afs ($4 billion) for the regular budget and 162 billion Afs ($2 billion) for the development budget. 

In the third and latest draft, 105 million Afs ($1.3 million) have been shifted to the regular budget from the development budget. 

Meanwhile, the regular budget, as usual, is twice as large as the development budget. 

Forty-six percent of the estimated amount is provided by internal sources, the budget document revealed.

 

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