Tuesday, 02 January 2024 12:17 GMT

Afghan Interim Government Cabinet Members Pass Fiscal Year (1402) Budget


(MENAFN- Khaama Press) The Administrative Office of Afghanistan's interim government has announced that the cabinet members passed the budget for the fiscal year 1402 and forwarded it to the Ministry of Finance.

The Administrative Office of the Taliban regime on Tuesday announced in a statement that the cabinet members attended the grand meeting on Monday headed by the Prime Minister.

It is stated in that the budget for the year 1402 was passed, and assigned to the ministry of finance for further proceedings.

However, the interim government's Administrative Office has not highlighted the amount of the budget for the coming fiscal year as of now.

The officials of the ministry of finance have confirmed the development and have said that further details about the amount of the budget will be shared with the media once it is approved by the leadership of this ministry.

Ahmad Wali Haqmal, the spokesperson of the Islamic Emirate's Finance Ministry told to Khaama Press that after the approval of the budget by the leadership of the ministry, it will be shared with the media.

This comes as the ministry of finance approved 231 billion Afghanis for the year 1401, out of which 203 billion was allocated for ordinary expenses, and 27.9 billion for developmental projects.

Currently, Afghanistan is faced with an economic and humanitarian crisis, heavily relying on foreign aid and donations. According to the World Bank findings, some 28 million populations in Afghanistan are in desperate need of humanitarian assistance to survive day-to-day life.

Meanwhile, foreign investment has dropped to zero since the Taliban seized power in August 2021. National and foreign investors left the country due to security threats and a lack of instability in the war-torn country.

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Khaama Press

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