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Draft budget for new solar year presented to cabinet
The ministry of finance presented the draft budget for the 1402 fiscal year to members of the Islamic Emirate of Afghanistan’s (IEA) cabinet, including deputy prime ministers Mullah Abdul Ghani Baradar Akhand and Mawlavi Abdul Salam Hanafi, on Thursday.
In addition to discussions on the draft budget, the ministers also discussed next solar year’s income, the possible deficit, expenditure control and other important issues.
After the detailed hearing, the ministers shared their questions, opinions and suggestions on the national budget for the fiscal year 1402 with the ministry of finance.
According to the IEA, the budget department will adjust the draft budget to take into consideration Thursday’s decision before submitting it to the cabinet for approval.
Economic experts, however, emphasize the importance of a development budget for 1402. These experts also said Kabul should engage in political interaction with the world in order to attract investments in addition to eliminating the economic problem in the country.
A number of other experts said external aid would be needed for a development budget.
Meanwhile, the ministry of finance said next year’s budget is expected to be more than the current budget and that additional development projects have been added to the new budget.
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6.1-magnitude earthquake hits Afghanistan, epicenter in Badakhshan
A 6.1-magnitude earthquake struck Afghanistan on Saturday afternoon, according to the United States Geological Survey (USGS).
The quake’s epicenter was reported in Jurm district of Badakhshan province, with a depth of 208.3 kilometers.
So far, there have been no immediate reports of casualties or damage following the tremor.
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Delawar says Afghanistan has achieved security and unity after 47 years
Shahabuddin Delawar, Head of the Commission for Contact with Afghan Personalities, says Afghanistan has achieved security, unified governance, brotherhood, and progress for the first time in 47 years under the administration of the Islamic Emirate of Afghanistan (IEA).
Speaking at a meeting in Kabul on Saturday, Delawar said Afghanistan had lacked a unified system over the past four decades, but added that with the return of the Islamic Emirate, the issue has now been resolved.
Referring to Ashura commemorations held on Friday, he said the occasion was observed peacefully across the country under full security.
Delawar also urged exiled Afghan politicians to return, saying the commission was established to serve Afghans and address the concerns of returning figures. He added that any legal disputes involving returnees would be handled exclusively through the commission.
He further said the Islamic Emirate has expanded treatment centers and intensified anti-narcotics efforts since regaining power, claiming this has led to a significant decline in drug addiction.
Addressing the issue of international legitimacy, Delawar said he understood why the United States has not recognized the Islamic Emirate, arguing that Washington suffered a defeat in Afghanistan that it cannot easily overlook.
“They have suffered a major defeat that they cannot forget; if they recognize us, they will face questions from their own people,” Delawar said.
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EU announces major funding to support Afghan small businesses
The European Union says it is implementing hundreds of millions of euros in projects to support small and medium-sized enterprises (SMEs) in Afghanistan and help expand economic opportunities across the country.
Speaking to Ariana News, EU Chargé d’Affaires in Kabul, Veronika Boskovic Pohar, said the programs are aimed at creating jobs for skilled workers, women, youth, and returnees, while also strengthening the private sector. She added that alongside international support, Afghan authorities also have a role in facilitating economic growth.
According to Pohar, the EU is currently implementing projects worth €156 million focused on livelihoods, durable solutions, job creation, and women’s economic empowerment. She said an additional €40 million program specifically designed to support returnees will be launched in the near future.
She noted that the EU is gradually shifting its focus from emergency humanitarian aid toward long-term sustainable solutions, particularly for internally displaced people and returnees in Afghanistan.
Meanwhile, the United Nations, marking World Day of Small and Medium Enterprises, said SMEs account for more than 90 percent of businesses worldwide and play a critical role in employment and economic growth.
UN spokesperson Stéphane Dujarric stressed that stronger investment, innovation, and sustainable industrial development are essential to help businesses withstand economic challenges and build resilient economies.
Afghan private sector representatives and economic analysts say greater support for SMEs could help the country address economic challenges faster, increase employment, and promote sustainable long-term development.
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