22 January 2017

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Economic

Sunday December 25, 2016

Kabul (BNA) Since the outset of Jaddi, the Afghan government officially lacks budget and it should be waiting budget approval until unknown time.
Two years ago, the fiscal year was concluded at the end of Hoot, but since two years, the end of Qaus is simultaneous with conclusion of fiscal year and first of Jaddi is considered as the beginning of the new fiscal year. Due to this reason the MoF submits budget drafts prior to end of Qaus and fiscal year to the house for approval. The budget for 1396 fiscal year which amounts to approximately $7b was already submitted to the house but it has not been approved by the lawmakers. The lawmakers argued that the budget lacks balance it should be reviewed and resubmitted to the house. On the other hand the lawmakers said that until new cabinet candidates are not introduced instead of disqualified ministers, they would refuse budget approval. So according to these challenges that have been setup ahead of the government, it doesn’t seem that the 1396 fiscal year’s budget would be approved soon.
Now this question should be replied that with no approval of budget by the house, to which challenges the government would be facing? The first problem ahead of budget non approval would be nonpayment of government employees’ salaries which is main part of ordinary budget. With non-approval of the budget for 1396 fiscal year, the salaries of the government employees would not be paid that could create the worst situation for the government as even if could leave destructive impacts on security situation of the country. This year the house questioned several minister due to non-consumption of development budget and disqualified seven ministers. On the other hand the home hesitates in budget approval that certainly would delay completion of development projects. The house should approve budget on due time and then question ministers for non-consumption of development budget. Any delay in budget approval, causes disturbance in economic changes. Late budget approval largely reduces capability of the government economic management and causes greater challenges for the government. So the house should remember that part of the government budget is non-optional, namely foreign aids. The donors would only contribute the development budget that the planned projects may implement by themselves.
So the budget should be approved on proper time. To settle this problem, the MoF should insert the legitimate demands of the house for balance of the budget and thus pave the way for rapid approval of the budget so we would not be engulfed in another budget vacuum. Another thing that the house should consider it, this that only the ministries are not alone the budget units who should be always faced with the questioning sword. There are totally 54-56 budgeting units in Afghanistan including the house that according to available reports, it has spent less than 20 pc of its budget. Other units including senate, municipality, Breshna, the presidential palace are with highest budgets who have failed to spend their budget based on the established criterions. What would be the destiny of these units? Who would dare to question them? So non approval of budget on due time and any delay in its approval may cause a new challenge beside available challenges to the Afghan government that its responsibility would be on the shoulders of the house and law makers’ stylistic opinions.
Lailuma Noori
 

Saturday December 24, 2016

Kunduz City (BNA) Based on Khan Mohammad Baz head of currency exchangers in Kabul city, Shahzada market report the exchange rate of Afghani as a follow:

                                                                                  
One Dollar                                             66/95 afgs                          
One Pound Sterling                              82/50 afgs                        
One Euro                                           69/92 afgs                       
One Emirate’s Dirham                             18/80 afgs                         
One Thousand Pakistani Rupees                620 afgs                       
One Thousand Indian Rupees        1010 afgs            
One Thousand Iranian Rupees                      18/30 afgs  

Saturday, December 24, 2016

Jeddah (BNA) Iran’s diplomatic mission to the United Nations (UN) has urged the international community to enhance its economic ties with Afghanistan toward remedying the country’s woes.
Iran’s Ambassador to the UN Gholam-Ali Khoshroo said on Monday that the Afghan government is simultaneously tackling economic complications and fighting on the frontline of the battle against Taliban and recently Daesh, too. The Islamic Republic believes it is incumbent upon the international community to assist the Afghan National Unity Government on both fronts, added Khoshroo, who was speaking during a debate at the UN Security Council on the situation in the Central Asian country. The development of the economic relations between Afghanistan and the rest of the world is both an international obligation and an effectual approach toward ensuring peace, stability, and security in the country, he said. Tehran, he said, has always taken steps to that effect, such as completing or helping complete infrastructural projects like the Chabahar Port project in southern Iran.
In May, Iran, India, and Afghanistan signed a key trilateral deal, known as the Chabahar Agreement, to establish a strategic transit and transport route connecting the three countries, centering on the port city. Also among such projects were the establishment of the railway linking the Khaf County in the Iran’s North Khorasan Province to the city of Herat in eastern Afghanistan, Khoshroo said. He asked all regional players to join such cooperative projects. The Iranian envoy also said that the farming of narcotics, which serves as a key source of income for terrorist groups and which presents a social predicament, had witnessed a 43-percent increase in Afghanistan. “The international community has to concentrate its efforts on reversing this trend and propounding alternatives to turn an economy that feeds warfare into a sustainable one.” Iran and Afghanistan have engaged in remarkable cooperation in the area of confronting the drug trade, Khoshroo said, adding that the Islamic Republic continues to host thousands of Afghan refugees and even render services to illegal immigrants.
Presstv
 

Saturday December 24, 2016

Herat City (BNA) At a cost of AFN 228,200,000 funded by Ministry of Rural Rehabilitation and Development (MRRD) 402 welfare projects have been completed in western Herat province.
The projects encompass retaining walls, canals, water supplies, schools, cultural complexes, roads, irrigation systems, digging of water wells with installing hand pumps, which completed in Anjeel, Karkh and Kahastan districts of the province, Aqa Mohammad Sadiqi head of rural rehabilitation and development department of Herat reported BNA.
Hundreds families in different communities had an opportunity to gain access to basic human needs upon completion of these projects.
Meanwhile, at the cost of over 223, 000, 000 Afghanis the construction work of 416 public utility projects underway in various parts of Herat province, Sadiqi added.
It is also mentionable that at the cost of more than 52, 000, 000 Afghanis the construction work and asphalting of 5 km road has started in Anjeel district and road gravelling of 8 km road has begins in Gozara district of the province.
All these projects have been completed and will be implemented by programs of ministry of rural rehabilitation and development.
 

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