The draft budget for 1398 fiscal year was approved during the meeting of the cabinet chaired by President Mohammad Ashraf Ghani on Thursday morning.

The Office of the President, ARG Palace, in a statement said the cabinet meeting was organized in Charchinar Palace before noon time today.

The statement further added that the acting minister of finance presented the draft budget for 1398 fiscal year as per the agenda of the meeting which was approved in principle after comprehensive review by the meeting participants.

The ministry of finance was instructed to once again review the draft budget in close coordination with the heads of the governmental directorates and in line with the remarks of the participants of cabinet meeting.

According to ARG Palace, the ministries and other government institutions were also instructed to refrain from allocation of budget in lavish equipment, taking into consideration savings in the budget for the upcoming fiscal year.

The statement by ARG Palace also added that the acting minister of finance also presented the development budget for the fiscal year 1397 to the meeting, consisting 1,043,689,689 Afghanis.

The recommendation for the modification in 1397 fiscal year budget presented by the acting finance minister and deputy finance minister was approved during the meeting, ARG Palace added in its statement.

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