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Budget

One-Third Of National Budget Is Spent On War: Minister

Economy Minister Mustafa Ma​stoor says a big part, one-third, of the national budget is spent on security affairs and that the remaining portion is invested in infrastructures.

Talking to TOLOnews, Mr. Mastoor said war expenses, insecurity and an unprecedented increase in the population are among the main reasons behind a slow economic growth.

“Afghanistan would have been in a much better condition if there wasn’t war… Right now, there is an imbalance in economic growth and population growth,” he said.

This fiscal year’s national budget after an addition to the mid-year budget increased to Afs411 billion ($5.2 billion) from Afs399 billion ($5 billion) at the beginning of the current fiscal year, according to the Ministry of Finance.

From the total amount, Afs297 billion ($3.7 billion) has been allocated for ordinary budget and the remaining Afs127 billion ($1.6 billion) is for the development budget.

Critics said there is a need for adjusting economic plans and development projects based on the need of the people.

“We should have better economic strategies in order to lay a strong foundation for the country’s economy,” university lecturer Hasibullah Moahid said. “In this case, we can expect a prosperous future for the country.”

Budget

One-Third Of National Budget Is Spent On War: Minister

The economy minister says the economic situation would have been better if there was peace.

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Economy Minister Mustafa Ma​stoor says a big part, one-third, of the national budget is spent on security affairs and that the remaining portion is invested in infrastructures.

Talking to TOLOnews, Mr. Mastoor said war expenses, insecurity and an unprecedented increase in the population are among the main reasons behind a slow economic growth.

“Afghanistan would have been in a much better condition if there wasn’t war… Right now, there is an imbalance in economic growth and population growth,” he said.

This fiscal year’s national budget after an addition to the mid-year budget increased to Afs411 billion ($5.2 billion) from Afs399 billion ($5 billion) at the beginning of the current fiscal year, according to the Ministry of Finance.

From the total amount, Afs297 billion ($3.7 billion) has been allocated for ordinary budget and the remaining Afs127 billion ($1.6 billion) is for the development budget.

Critics said there is a need for adjusting economic plans and development projects based on the need of the people.

“We should have better economic strategies in order to lay a strong foundation for the country’s economy,” university lecturer Hasibullah Moahid said. “In this case, we can expect a prosperous future for the country.”

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