AFGHANISTAN

IEA changes its fiscal from Gregorian calendar to Hijri Shamsi

The Islamic Emirate of Afghanistan (IEA) cabinet led by Mullah Mohammed Hasan Akhund, the prime minister of the caretaker government, on Monday approved a plan to change the start of the fiscal year from the West’s Gregorian calendar to the Hijri Shamsi, or Persian calendar.
Based on the cabinet decision the new fiscal year will start at the beginning of the new solar year, in March.
Under the previous government, the fiscal year started in January and ended in December. Now however, Afghanistan’s fiscal will start on 21 March each year.
The IEA said in a statement that they have approved the allocation of additional funding for the budget to make up the difference this year but that the new fiscal will commence on March 21.
“For the first time in the last [two] decades Afghanistan’s budget is made up without foreign aid,” read the statement.
In addition to the decision to change the fiscal year, the IEA cabinet also moved Monday to ban the importation of low-quality fuel, gas, chemical fertilizers and other materials.
The IEA warned that legal action would be taken against those who break the rules.
The cabinet also tasked a delegation to visit land ports and assess the quality of fuel and raw materials being imported into the country.The post IEA changes its fiscal from Gregorian calendar to Hijri Shamsi first appeared on Ariana News.

Source: Ariana News

Related Articles

Back to top button