KABUL (SW): Finance Minister Eklil Hakimi presented the annual budget worth afn 461 billion for the year 2016 to the Wolesi Jirga on Wednesday.<\/p>\n
The new fiscal year in Afghanistan begins in the month of Jaddi\/ Marghomay (mid-December). Hakimi presented the budget to the WJ after consultation and debate over it in the Masharano Jirga (lower house).<\/p>\n
The budget for 20125-16 is 6 percent larger in comparison to the previous year. It has earmarked afn 283.3 billion for expenditures and afn 188.5 for development. <\/p>\n
For the previous year, total budget of afn 422 billion were earmarked out of which afn 282 billion were for expenditure and afn 140 billion for development.<\/p>\n
Afghanistan has long been facing shortage of revenue hence relying heavily on foreign aid and funds to keep the economy afloat.<\/p>\n
Nearly 60 percent of the national budget is supported by funds and aid while only 4o percent comes from the government revenue.<\/p>\n
ENDS<\/p>\n","protected":false},"excerpt":{"rendered":"
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