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July 17, 2002 Wednesday Jamadi-ul-Awwal 6, 1423

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Afghanistan sets $460m budget


KABUL, July 16: Afghanistan has set its operating budget at 460.3 million dollars for the year ending March 20, 2003, with expected revenues of 83 million dollars and a deficit forecast at 257.2 million dollars, Finance Minister Ashraf Ghani Ahmadzai said on Tuesday.

“There is a substantial shortfall,” Ahmadzai told a news conference in Kabul. “But we have a determination not to print money... and a consensus not to borrow.”—Reuters



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