Thursday, March 30, 2023

The Taliban Cabinet Approves the National Budget for Fiscal Year 1401 at 231 Billion Afghanis

Immigration News

Saqalain Eqbal
Saqalain Eqbal
Saqalain Eqbal is an Online Editor for Khaama Press. He is a Law graduate from The American University of Afghanistan (AUAF).

The Taliban Council of Ministers approved a total budget of 231 billion Afghanis for 1401 fiscal year, of which 27.9 billion is allocated for development programs and 203 billion for regular budget.

Today, Saturday, May 15th, the Taliban Ministry of Finance announced the approval of the 1401 fiscal budget, noting that, unlike previous years, the budget is wholly subsidized by domestic revenues.

This year’s budget has a deficit of roughly 44 billion afghanis, according to the statement.

The announcement did not explain what the 203 billion afghanis would be used for.

Nevertheless, political developments in Afghanistan over the last nine months have shattered the previous government’s development plans, and the budget for carrying out those plans has been frozen for the past nine months.

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