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Finance Minister Submits Draft Budget of 1396 to Lower House

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Last Updated on: October 24, 2022

vlcsnap-2016-11-30-15h32m24s137The proposed draft budget for the solar year 1396, was presented today to the National Assembly by the finance minister for consideration and discussion.

Afghan finance minister, Eklil Hakemi says the draft budget for the next fiscal year is 466 billion AFN which 287 billion allocates to the ordinary budget and 178 billion to the development budget.

The most costs dedicated to security, infrastructure, and training and agriculture sectors.

 

-36 % for security

-21 % for infrastructure

-13 % for education

-6 % for agriculture

Finance minister noted that the rate of Afghanistan’s economic growth was 2,9 in the current year and the figure is predicted to be 3,5 and 4 for the next two years.

Eklil Hakemi has also said about the domestic revenue that 150 billion AFN is predicted for the upcoming year.

According to Hakemi, the draft budget for 1396 was prepared with the given balance, needs and priorities of development for the country.

“The next year’s budget prepared with regard to financial resources, including Afghanistan’s development programs, economic growth, consumption capacity of offices, within the framework of the Afghanistan National Development and Government’s commitment to the international community and the Afghan people,” said finance minister, Eklil Hakemi.

Finance minister further added that 177 new projects has considered for development budget of next year which is mostly in infrastructure, agriculture, education and health sectors.

However, a number of parliament members called some of the costs of this budget ‘imaginary’.

“The budget should not be imaginary and ministers must not be questioned,” said Khalilulah Shahid Zada, representative of Herat.

Abdul Qader Qalatwall, Member of Parliament has also said, “Justice has not been considered the draft should be rejected.”

Finance minister called the lack of spending development budget one of the serious problems.

He considered the lack of detailed office plans, weak capacity of administrative, weakness in the control of projects, lack of responsibility, corruption and interventions of powerful the main reasons for spending development budget.

Reported by Lida Neyazi

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Eight dead after 5.8-magnitude earthquake hits Afghanistan

The family members who perished included a father, mother, four daughters, and two sons. In addition to the deaths, a child was reported injured in the incident.

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A powerful 5.8-magnitude earthquake struck Afghanistan on Friday, killing at least eight people and injuring a child when a house collapsed in Kabul. According to local officials, the victims were all members of the same family.

Hafiz Basharat, spokesperson for the Kabul Governor, confirmed that the fatalities occurred in the Bagrami district of Kabul. The family members who perished included a father, mother, four daughters, and two sons. In addition to the deaths, a child was reported injured in the incident.

The earthquake, which originated in the Hindu Kush region of Afghanistan, struck at a depth of approximately 177 kilometers, according to the German Research Centre for Geosciences. Tremors were felt across a wide area, including Kabul, Pakistan’s capital Islamabad, and India’s capital New Delhi.

Local authorities have yet to release additional details regarding the extent of the damage or any further casualties caused by the earthquake.

As rescue operations continue, Afghan authorities are assessing the full impact of the earthquake, which has left many concerned about the potential for more aftershocks in the region.

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5.8-magnitude earthquake shakes parts of Afghanistan

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A strong earthquake measuring 5.8 on the Richter scale struck parts of Afghanistan on Friday night, according to the United States Geological Survey (USGS).

The epicenter was reported in Jurm district of Badakhshan province, with a depth of 186 kilometers.

There have been no immediate reports of casualties or damage.

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China says Afghanistan–Pakistan peace talks show progress

China has positioned itself as a facilitator, aiming to create conditions for dialogue and provide a platform for negotiations.

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Negotiations between Afghanistan and Pakistan are making steady progress, China said on Friday, as efforts continue to ease tensions in their most serious conflict since the return of the Islamic Emirate of Afghanistan in 2021.

Speaking at a regular press briefing, Chinese foreign ministry spokesperson Mao Ning said both sides had welcomed Beijing’s mediation and were willing to resume dialogue. “This is a positive development,” she said, noting that China remains in close communication with both governments.

Beijing— which shares a border with both countries—has stepped up diplomatic engagement in recent months, including calls with foreign ministers and a visit by a special envoy in March. Previous rounds of talks have reportedly taken place in Urumqi, though officials did not confirm the latest venue.

China has positioned itself as a facilitator, aiming to create conditions for dialogue and provide a platform for negotiations. Mao said further details would be released jointly by the three countries “in due course.”

Clashes between Afghan and Pakistani forces since October have killed dozens on both sides, with Afghan civilians bearing the brunt of the violence. Islamabad has accused Kabul of harboring militants responsible for cross-border attacks—an allegation Afghan authorities deny, calling militancy a domestic issue for Pakistan.

The renewed diplomatic push signals cautious optimism that tensions between the neighbors could ease through sustained dialogue under Chinese mediation.

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