Since 1396, The Government Has Spent 5 Billion Afghanis More Than The Approved Budget Code 91
According to the members of the parliament, in 1397, the budget for code91 was 1 billion and 300 million Afghanis and its over spent amount is 1 billion and 720 million.
According to reports and information provided by the Finance and Budget Commission of the House of Representatives, in the fiscal years 1396, 1397 and 1398, the government has spent nearly five billion Afghanis based on Code 91 more than the budget approved on this code.
At least Afs3 billion ($38.9 million) has been spent through Code 91 funds during former acting finance minister Mohammad Humayun Qayoumi’s leadership, something that has raised questions.
According to the details provided by the finance and budget committee of the parliament, the allocated budget for Code 91 in the 1396 fiscal year (2017) was Afs1.3 billion ($16.8 million) and it spent an additional Afs 1.499 million ($19.4 million), the budget for the code in 1397 fiscal year (2018) was Afs1.3 billion ($16.8 million) and it spent an additional Afs 1.720 billion ($22.3 million) and the budget for the code in 1398 fiscal year (2019) was ($12.9 million) and an additional Afs 1.830 billion ($23.7 million) was spent under the budget.
However, the information shows that the government has saved Afs100 million ($1.2 million) in the last fiscal year of 1399 (2020) from an allocated budget of Afs1.1 billion ($14.2 million).
Reduced Electricity To Industrial Parks Raises Concerns
August 18, 2020 - 12:13The association’s director states there is less electricity, and production rates have decreased. The Afghanistan Industries ...
Iran To Export $3 Billion In Non-oil Goods To Afghanistan This Fiscal
August 20, 2020 - 13:33The Chairman of Iran-Afghanistan Chamber of Commerce, Hossein Salimi, said Tuesday his country is expecting this year’s non-oil expor...
AICC Accuses Govt Of Ignoring Trade, Investment Problems
August 25, 2020 - 11:00AICC officials see the increased security incidents as a challenge to the country’s private sector. On Monday, th...