The Finance Ministry of the Islamic Emirate of Afghanistan (IEA) said on Monday it has started drafting its budget for the next fiscal year, which will be bigger than this year&s budget.A spokesman for the Ministry of Finance said they have received individual budgets from the various ministries and departments and are now working on the overall budget.&Currently, an assessment is ongoing over the institutions& requirements & whether or not we can pay.

After the assessment is done, we will share the results with them.

After that, it will go to the budget committee, then to the Cabinet and then to Amir-ul-Momineen (IEA supreme leader) for approval,& said Ahmad Wali Haqmal, a spokesman for the finance ministry.He said that next year&s budget is expected to be higher than this year&s.According to the official, domestic revenues have substantially increased, and it could increase further with higher levels of trade with neighboring countries.&Our exports surpassed $1 billion in eight months since the beginning of this year, which is unprecedented.

Situation is improving day by day.

There are new facilities at the customs [ports].

Some customs are operating 24 hours a day.

Processing has been made easy.

Corruption has been stopped,& Haqmal said.IEA&s budget for this fiscal year is 231 billion afghanis, including 206 billion afghanis for ordinary expenses and 27.9 billion afghanis for development projects.

There was however a total 44 billion afghanis deficit.The post IEA&s finance ministry drafting ‘bigger budget& for next year first appeared on Ariana News.