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Afghan government’s revenue drops by 8% in 2014

in Afghan Business

Afghan government’s revenue drops by 8% in 2014

Afghan Finance Ministry recorded 109bn AFN in 2014 revenue, while the target for revenue collection had been set 132bn AFN.

The 8% decline in revenue is attributed to the growing insecurity and the prolonged election earlier this year.

Most of this year’s revenue came from customs offices and private sector.

Finance Ministry’s spokesman Abdul Qadir Jilani said 2014 was a challenging year from customs offices to collect revenue as officials faced kidnapping and killing threats in border areas.

Smuggling across the borders also affected the government’s revenue.

Jilani also cited lack of capacity at customs departments and required equipment and infrastructure as major impediments.

He said that Finance Ministry was making efforts to upgrade the revenue collection process, and provide capacity building trainings to its employees. He added that the Ministry was working on bringing reforms to the laws and introducing new policies to boost investment in the country.

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