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227 Development Projects Included in Afghanistan’s 1403 Budget

The Ministry of Economy has announced the inclusion of 227 development projects in the fiscal year 1403 budget.

According to Abdul Rahman Habib, the ministry's spokesperson, 72 of these projects are new, while the remaining ones are carried over from previous years, as reported to TOLOnews.

"Of the total 227 projects, 72 are new and 155 are ongoing projects, with a significant portion allocated to the infrastructure sector. Specifically, there are 88 construction projects, 50 service projects, 33 infrastructure projects, 38 technical projects, and 18 development projects funded by this year’s budget," Abdul Rahman Habib said.

The Chamber of Industries and Mines emphasizes the need for private sector cooperation with the Islamic Emirate to initiate large-scale economic projects in the country.

Sakhi Ahmad Paiman, the first deputy of the Chamber of Industries and Mines, stated: "The people of Afghanistan and the private sector request the World Bank and the Asian Bank to fund their intended expenditures through infrastructure projects so that Afghanistan's economy can stand on its feet."

Some economic experts believe that the initiation and implementation of infrastructure and development projects are crucial for economic growth and job creation in the country.

Abdul Ghafar Nezami, an economic expert, said: "These projects can positively impact job creation and increase income, which will have a beneficial effect on Afghanistan’s economy."

Shakir Yaqoobi, another economist, stated: "In Afghanistan, projects funded by international allies should commence promptly. It is better to resume incomplete projects before Afghanistan faces economic challenges and a rising poverty rate."

Since the Islamic Emirate regained power in the country, many development projects have been funded by internal revenue.

227 Development Projects Included in Afghanistan’s 1403 Budget

Some economists believe that the implementation of infrastructure and development projects are crucial for economic growth and job creation in the country.

تصویر بندانگشتی

The Ministry of Economy has announced the inclusion of 227 development projects in the fiscal year 1403 budget.

According to Abdul Rahman Habib, the ministry's spokesperson, 72 of these projects are new, while the remaining ones are carried over from previous years, as reported to TOLOnews.

"Of the total 227 projects, 72 are new and 155 are ongoing projects, with a significant portion allocated to the infrastructure sector. Specifically, there are 88 construction projects, 50 service projects, 33 infrastructure projects, 38 technical projects, and 18 development projects funded by this year’s budget," Abdul Rahman Habib said.

The Chamber of Industries and Mines emphasizes the need for private sector cooperation with the Islamic Emirate to initiate large-scale economic projects in the country.

Sakhi Ahmad Paiman, the first deputy of the Chamber of Industries and Mines, stated: "The people of Afghanistan and the private sector request the World Bank and the Asian Bank to fund their intended expenditures through infrastructure projects so that Afghanistan's economy can stand on its feet."

Some economic experts believe that the initiation and implementation of infrastructure and development projects are crucial for economic growth and job creation in the country.

Abdul Ghafar Nezami, an economic expert, said: "These projects can positively impact job creation and increase income, which will have a beneficial effect on Afghanistan’s economy."

Shakir Yaqoobi, another economist, stated: "In Afghanistan, projects funded by international allies should commence promptly. It is better to resume incomplete projects before Afghanistan faces economic challenges and a rising poverty rate."

Since the Islamic Emirate regained power in the country, many development projects have been funded by internal revenue.

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