Business
EPD Institution Criticizes Un-Balanced Budget of 1396
Equality for Peace and Democracy Institution (EPD) members have reviewed the draft budget for the year of 1396 and criticized the allocation of huge amount of money for the security sector, the budget which was rejected by the members of the parliament for being out of balance, their findings also indicated that 292 billion Afghani is maintained from the International community aids showing 63 percent of the budget.
Despite of 4 percent increase in the development budget the Equality for Peace and Democracy institution saying this is huge amount of money which should be spent for the other sectors in Afghanistan.
Chairman of the Equality for Peace and Democracy institution (EPD) Mohammad Edrees Omarzad said, “Huge money should not be allocated only for security sector, health sector is vital to all in this country, there are private sectors and education sector are also counted as important.”
The members of the Equality for Peace and Democracy institution have also expressed concerns over the Ministries who have failed to spend the allocated development budgets for the year of 1395, differences between the discretionary and non-discretionary budget is the other concern of the following institution.
“The discretionary budgetary is not becoming 50 percent, which indicates 171 billion Afghani the non-discretionary, that means Government is not able to understand how the budget is going to be spent.” Chairman of the Equality for Peace and Democracy Mohammad Edrees Omerzad said.
The budgets which has been allocated for the year of 1396 is 466 billion Afghani where 287 billion is specialized for common budget and 178 billion Afghani is allocated for development budget and the draft budget also indicates 151 billion Afghani incomes incoming year.
Last year 7 Ministers have failed to spend 70 percent of the development budgets for the year of 1395 and they were disqualified by the members at the lower house of the parliament.
Reportedby Lida Niazi
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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