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President Ghani calls for reforms in Ministry of Finance

President Ashraf Ghani highlighted some major reforms in a meeting with the newly appointed Finance Minister Eklil Hakimi who presented his 100-day plan in the Presidential Palace. He directed the Finance Ministry authorities to work out a strategy which could

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Afghan government seeks bailout from donors to pay salaries

The Afghan government has asked donors for a bailout before the end of the year, as salary payments to government employees are still pending. The national treasury has run out of money to pay salaries this month and has called

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Agriculture projects shut down due to budget deficit problems

Several major development projects in the agriculture sector have been shut down due to the current revenue deficit at the Ministry of Finance (MoF). Agriculture, Irrigation & Livestock Minister Mohammad Asif Rahimi said major saffron development projects, irrigation and forest

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Afghan Transport & Aviation Ministry collects over 4 billion AFN in revenue

The Afghan Ministry of Transportation and Aviation currently collected over 4 billion AFN in revenue during the current fiscal year, officials reported. Officials attributed digitalization of air space surveillance and standardization of revenue collection from air services to the boost

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Afghan Transport & Aviation Ministry collects over 4 billion AFN in revenue

The Afghan Ministry of Transportation and Aviation currently collected over 4 billion AFN in revenue during the current fiscal year, officials reported. Officials attributed digitalization of air space surveillance and standardization of revenue collection from air services to the boost

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Menial budget allocated for Afghan Football Federation for 2014

Despite the tremendous achievements of Afghanistan’s national football team, the Ministry of Finance has slashed the budget for the Afghan Football Federation (AFF) for 2014. Finance Ministry has earmarked a total of USD 700,000 to the AFF with no additional

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Workshop on raising insurance awareness held in Kabul

A one-day workshop aimed at raising awareness about importance of insurance in the country was held by the Afghan Ministry of Finance and Ministry of Information and Culture. The workshop was aimed at developing insurance sector and its importance for

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Afghan private sector accused of undervaluing export figures

Independent Media Consortium Productions (IMCP) in its report has alleged that the private sector has deliberately defrauded the government by reporting export figures 79% lower than the original price. The investigation was based on an independent data collection of the

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$50 Million Grant to Boost Economic Growth and Fiscal Sustainability in Afghanistan

The World Bank today approved a US$50 million grant, through International Development Association (IDA), to help Afghan Government reinforce legal, regulatory and institutional reforms. The Development Policy Programmatic Series: “Promoting Economic Growth and Fiscal Sustainability”, which is a series of two

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Afghan government to fine unregistered NATO supply trucks

On the basis of the decision of the Council of Minister, the Afghan Ministry of Finance (MoF) has decided to impose fines on NATO supply trucks that enter Afghanistan without a proper registration process. This comes as at least 70,000

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1 TV’s investigation report on major Afghan companies evading tax

According to an investigation report by 1 TV, as many as 15 out of 300 major companies are alleged for refusing to pay taxes to the Afghan government. The report claims that these companies have tried to evade tax by

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