Objectives
The Budget Committee is established to oversee, review, and provide guidance for the preparation and formulation of the annual budget of Bank-e-Millie Afghan. This Committee ensures that financial planning aligns with the Bank’s strategic objectives, regulatory requirements, and risk management policies. Additionally, the Committee is responsible for financial transparency, cost-efficiency, and compliance with banking regulations.
Responsibilities
☑ Ensuring that the budget is aligned with the Bank’s strategic objectives and long-term financial planning.
☑ Reviewing the annual operational and capital budget proposed by the relevant departments.
☑ Evaluating key budget line items, revenue forecasts, expense allocations, and investment plans.
☑ Providing recommendations for optimal utilization of financial resources.
Reporting
The Budget Committee is submitting its reports to the Board of Supervisors (BoS).