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MoF Presents Draft of Next Year’s Budget  to Senate House

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(Last Updated On: October 24, 2022)

Finance Minister, Ekilil Hakimi on Monday presented the draft of  national budget for fiscal year 1397 to Meshrago Jirga (Senate House) of the parliament for approval.

The  budget was approved by the cabinet on Sunday, after being reviewed by the budget committee in collaboration with government organizations.

Minister Hakimi said that in next year’s budget priority given to security, education, infrastructure and agriculture sectors.  

The total outlay of the 1397 budget is over  357 billion Afghanis, with 267 billion Afghanis to ordinary budget and 90.5 billion Afghanis to development budget. 60 percent of the budget would be funded by the donor countries and the remaining 40 percent will be generated from domestic revenues

“This budget has been carefully reviewed to resolve the country’s some of the issues, and Afghanistan still needs serious support of the international community,”  said Farooq Wardag, the Minister of State for Parliamentary Affairs.

Based on the constitution, the draft of the national budget is being sent to Meshrano Jirga in first step and then to Wolesi Jirga of parliament after being approved in the cabinet.  The parliament can either approve or send it back to the government.

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Gunmen kill three foreigners in Bamyan

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(Last Updated On: May 17, 2024)

Three foreign nationals and one Afghan were killed when gunmen opened fire in Afghanistan’s central Bamyan province on Friday, the Interior Ministry said.

Abdulmatin Qane, the spokesman of the Ministry of Interior, said that three Afghans and four foreigners were injured in the shooting.

He added that four people were arrested in connection with the incident.

Qani did not specify which country the foreigners belonged to.

There was no immediate claim of responsibility for the attack.

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China and Pakistan call for inclusive ‘political framework’ and ‘moderate policies’ in Afghanistan

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(Last Updated On: May 17, 2024)
Chinese Foreign Minister Wang Yi and Pakistan’s deputy prime minister and foreign minister, Mohammad Ishaq Dar, issued a joint statement on Thursday calling for the Islamic Emirate of Afghanistan (IEA) to build an inclusive political framework, adopt moderate policies, and to firmly combat terrorism.

According to the statement, Wang and Dar called for concerted efforts from the international community to help Afghanistan address challenges in areas such as the humanitarian situation and economic development.

“The two sides agreed to strengthen communication and coordination on the Afghanistan issue,” the statement read.

“They called for concerted efforts of the international community to help Afghanistan properly address challenges in such areas as the humanitarian situation and economic development, and encourage Afghanistan to build an inclusive political framework, adopt moderate policies, pursue good-neighborliness, and firmly combat terrorism, including not allowing its territory to be used for terrorist acts.

“Both sides agreed to play a positive and constructive role in helping Afghanistan achieve stable development and integrate into the international community,” the statement read.

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Talks underway to ditch the US dollar in Afghan-Iran transactions

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(Last Updated On: May 17, 2024)

Negotiations are ongoing between Afghanistan and Iran to sideline the US dollar in bilateral transactions, the deputy governor of the Central Bank of Iran (CBI) said this week.

According to media reports, Mohsen Karimi, the head of the CBI, said talks are ongoing between the two countries for the implementation of “offshore rial” in Afghanistan.

Karimi said the “offshore rial” is used with the aim of supporting the economic activity and exporters of the private sector of the country.

Recently, CBI Governor Mohammad Reza Farzin announced that Tehran plans to use the “offshore rial” for trade with Russia, Afghanistan and Iraq. He also said at the time that the idea of ditching the US dollar has produced positive results.

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