Connect with us


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



(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.


Ministry of Finance rejects claims of closure of Islam Qala customs office



(Last Updated On: May 31, 2023)

The ministry of finance has rejected claims that the Islam Qala customs office in Herat province has suspended operations.

According to officials, media reports indicated that their office closed on Wednesday.

“We reject the false reports published in this regard and want to mention that Islam Qala Customs of Herat works normally and provides the necessary services,” officials said.

Continue Reading


Five-day expo in Herat of domestic products draws good response



(Last Updated On: May 30, 2023)

Herat Chamber of Industries and Mines says a five-day expo of domestically manufactured goods has drawn over 20,000 visitors and that business owners have signed dozens of contracts with investors and traders from other provinces.

“The booths were very good, the facilities were very good, people had all visited, participated from Herat and other provinces, and many of the contracts were signed at this expo,” said Toryali Ghousi, deputy of Herat Chamber of Industries and Mines.

Officials also said that the factory owners have displayed their products in 120 booths.

Dairy and other consumable products along with plastic goods, medicines and home appliances were among the items showcased at this expo.

Business owners have welcomed initiatives to hold expos and say more are needed so as to encourage people to buy domestic products.

“If these expos are always held and people come to see the domestic products, Inshallah, we will be able to stop the goods coming from abroad and move towards self-sufficiency,” said one business owner.

“Most of the people are not aware of domestic products and when expos are held, they become aware of domestic products,” said another participant.

Continue Reading


Process of exporting fresh fruit to world markets kicks off: MoIC



(Last Updated On: May 29, 2023)

The Ministry of Industry and Commerce (MoIC) says the process of exporting fresh fruit to world markets has started.

The ministry’s spokesman Abdul Salam Jawad said that they are trying to market the country’s fresh fruits in order to export them at a reasonable price.

“Fortunately, we were able to export 20 tons of cherries to Kazakhstan, and our other fresh fruit is black cherry, which are ripe and almost ready to package, and we will export them to the United Arab Emirates and Kazakhstan,” he said.

The Chamber of Agriculture and Livestock also said that when problems with the issuing of visas by countries to Afghan businessmen are resolved, they can export more products.

“We have invested in the packaging and in the cold storage areas, and we have the ability to adjust and export this packaging to Europe and America based on global standards,” said Omid Haidari, head of foreign relations of the Chamber of Agriculture and Livestock.

“Unfortunately, due to the lack of air corridors and subsidies from the Ministry of Agriculture, we indirectly export fruits to India and Pakistan, and later Indian and Pakistani businessmen buy from us and export to Europe,” he added. 

However, a number of investors say that if the country’s fresh fruit is not marketed, farmers and businessmen will face losses.

“Seven kilos of our watermelons are sold for fifty afghanis, seven kilos of our watermelons from Farah to here [Kabul] cost forty afghanis as fare; the farmer is really very poor,” said a trader. 

According to experts, if fresh fruit and other products of Afghanistan are regularly exported, the country’s national income will increase.

Continue Reading


Copyright © 2022 Ariana News. All rights reserved!