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Afghanistan’s domestic revenue surpasses the target

in Afghan Business

Afghanistan’s domestic revenue surpasses the target

Afghanistan’s domestic revenue has increased by 18bn AFN from last year, announced officials of the Ministry of Finance.

” The Afghan government’s commitment to the international community was to collect 114bn AFN during the 2015 fiscal year, but fortunately we have been able to collect 117bn AFN so far,” said Finance Minister Eklil Hakimi.

Minister Hakimi added that last year the Finance Ministry had collected 99bn AFN in revenue.

The international community in London Conference last year welcomed the Afghan Government’s plans to enhance productivity, increase its domestic revenue mobilization, to attract more private sector investment, and stimulate growth and employment opportunities.

Over time this approach will reduce Afghanistan’s dependence on external support. However, Participants recognized that this is a long term endeavor and that the Afghan Government will continue to have significant economic requirements that cannot be met solely by domestic revenues.

To help ensure that Afghanistan remains on a path towards a more sustainable future for all Afghans, the International Community reaffirmed its Tokyo commitment of providing sixteen billion US dollars through 2015, and sustaining support, through 2017, at or near the levels of the past decade. Going forward, the International Community reiterated its commitment, as set out in the Tokyo Declaration, to direct significant and continuing but declining financial support towards Afghanistan’s social and economic development priorities through the Transformation Decade. Further, the International Community reaffirmed that its ability to sustain support for Afghanistan depends upon the principle of mutual accountability and the Afghan Government delivering on its commitments under the TMAF process.

Tags assigned to this article:
Afghanistan revenueEklil Hakimi

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