The MPs in the Afghan parliament approved the coming fiscal year’s budget plan on Wednesday with a majority of votes just before the winter holidays kicked off.
Out of the total budget Afs. 428 billion, Afs. 289 billion was allocated for the ordinary budget and Afs. 139 billion for development projects and initiatives.
Previously, the MPs rejected the budget plan provided by the Ministry of Finance due to a lack of proper balance in budget allocation between ordinary and development budgets.
According to new reports by the Integrity Watch Afghanistan, a monitoring organization, the national budget has not been sufficiently allocated for the two key sectors, education and health. Despite the government’s promise, the budget allocation on these two key areas decreases as compared to that of last year.
Despite the challenges of a different kind, the current government has performed well in terms of budget execution and revenue collection. A 9% increase in revenue and a 24% increase in budget execution is the indicator of a progressive financial budgeting system, with promising prospects.
Meanwhile, the report indicates that the Afghan government has allocated only $1.20 for each returnee and internally displaced person, a minimal amount of money compared to the number of people who return the country.