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Ministry of Finance says draft budget for next fiscal years has been drawn up

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Last Updated on: December 29, 2021

The Ministry of Finance (MoF) said the draft budget for the next fiscal year has been prepared and will be submitted to the Council of Ministers for approval within the next week.

Ahmad Wali Haqmal, a spokesman for the ministry, said the entire budget is dependent on domestic revenue income and not on foreign aid.

Haqmal said he expected the Council of Ministers to approve the draft budget by the end of the current month and submit it to the relevant agencies for implementation.

Haqmal added: “The draft budget is ready in the ministry and its work is almost done.”

“This is the first budget of the Afghan government in the last 20 years, which is not dependent on foreign aid and we have built it all on the basis of our domestic revenue. The Ministry of Finance is done with its work and after that it will go to the Council of Ministers for approval and after approval we will proceed according to our budget in the next financial year,” said Haqmal.

Haqmal said that there is no problem in covering the operating budget which is funded by the generation of domestic revenue, but there are some problems with the development budget. He said limited, but important, development projects have been included in this budget.

Haqmal said that if domestic revenue rises in the first half of the year, the budget will be adjusted and more development projects will be included.

He added: “We have no problem with the operating budget and the operating budget is made up from our domestic revenue, but we have also considered development projects for next year, which will be fewer than last year …As our revenue increases, other development projects will also be included in it. ”

But economists say the budget is not just about meeting the costs of ministries, but also about implementing development projects across the country and providing services to the people.

In previous years, Afghanistan’s budget for each fiscal year was estimated at 4.5 billion afghanis, up to 40 percent of which was earmarked for development projects, at that time, the entire budget would have been based on foreign aid and the deficit would have been higher than the discretionary budget.

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Ariana Afghan Airlines boost air trade with arrival of new cargo aircraft

The Ariana Afghan Airlines press office says this achievement marks an important stride toward strengthening national trade and promoting Afghanistan’s path to economic self-reliance.

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Ariana Afghan Airlines has announced a major development in the country’s air-transport sector, confirming that a long-awaited charter cargo aircraft has been officially contracted and will arrive in Afghanistan soon. The move is being hailed as a “significant and facilitative breakthrough” for national traders.

Bakht-ur-Rahman Sharafat, the head of Ariana Afghan Airlines, says the finalization of this contract reflects the leadership’s firm commitment to supporting Afghanistan’s growing trade sector. “This new cargo aircraft is part of Ariana’s broader plan to strengthen exports and provide fast, reliable, and competitive air-transport services for Afghan traders,” Sharafat stated.

According to Ariana officials, the addition of the new cargo aircraft will greatly enhance commercial air-transport services. It is expected to ensure timely delivery of goods, reduce transportation costs, and significantly increase the country’s export capacity.

Economic experts believe this step will not only offer substantial facilities to traders but will also play a key role in Afghanistan’s economic development and the expansion of its export markets.

Ariana’s leadership says the cargo aircraft will open new avenues for accelerating and securing the movement of both export and import goods, while fostering healthy competition within the nation’s aviation sector.

The Ariana Afghan Airlines press office says this achievement marks an important stride toward strengthening national trade and promoting Afghanistan’s path to economic self-reliance.

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IEA demands assurances from Islamabad before trade routes reopen

Mujahid noted that Afghanistan is currently meeting its essential import needs through a range of regional partners, and therefore will not rush to resume commerce with Pakistan without clear assurances.

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The Islamic Emirate of Afghanistan (IEA) has said that the reopening of trade and transit routes with Pakistan will depend on Islamabad providing firm guarantees that these corridors will not again be used as instruments of political pressure.

In a statement released on social media, IEA spokesperson Zabihullah Mujahid accused Pakistan of having “illegally and politically” closed key border routes in recent months, a move he said caused “serious harm to the people on both sides of the Durand Line.”

Mujahid noted that Afghanistan is currently meeting its essential import needs through a range of regional partners, and therefore will not rush to resume commerce with Pakistan without clear assurances.

He said the IEA wants trade to take place in a “dignified and mutually beneficial” manner and made clear that any reopening will require Islamabad to commit to keeping commercial corridors free from political interference.

“Trade routes with Pakistan will only be reopened once strong assurances are received from the Pakistani government,” he said, adding that the guarantees must ensure Pakistan cannot again weaponise transit access or disrupt legitimate trade.

According to the IEA, the priority is to safeguard traders’ rights, stabilise cross-border transit, and ensure that the economic needs of the population are not influenced by political disputes.

The IEA said any step toward reopening the routes must be built on mutual respect and a long-term commitment to cooperation.

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Ariana Airlines deepens cooperation with Turkish Airlines

Both sides agreed to form joint technical and operational teams to advance cooperation and strengthen the regional air transport network.

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Ariana Afghan Airlines and Turkish Airlines have moved to strengthen their aviation partnership following a high-level meeting between Ariana CEO Bakht-ur-Rahman Sharafat and Turkish Airlines CEO Bilal Ekşi.

According to Ariana Afghan Airlines, the discussions centered on expanding air transport connectivity, improving passenger and cargo services, and increasing the exchange of technical and operational expertise between the two carriers.

Sharafat praised Turkish Airlines for its global reach and operational standards, noting that the airline’s experience could play a vital role in enhancing air travel, trade, and tourism between Afghanistan and Turkey.

Ekşi commended Ariana’s recent improvements and said Turkish Airlines would support capacity-building initiatives, including technical training, aircraft maintenance, and operational enhancement programs.

Both sides agreed to form joint technical and operational teams to advance cooperation and strengthen the regional air transport network. The move marks a significant step toward deeper aviation collaboration between the two countries.

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