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Farah revenue up by 65% in the current solar year

in Afghan Business

Farah revenue up by 65% in the current solar year

The revenue department of Farah has recorded a total revenue of 4.62bn AFN, showing a 65% increase over last year.

The Afghan Finance Ministry had set a target of 3.407bn for the 1394 solar year for Farah, but the provincial revenue department collected 4.62bn AFN.

The officials have linked the revenue boost to improved tax collection system, increased business activity, prevention of smuggling and combating corruption and commitment of the department.

Farah province generated most of its revenue from the taxes on goods imported through the Abu Nasr Farah Port.

The customs department in Farah collected 267mn AFN, surpassing the set target of 240mn AFN.

“With the help of governor, we have managed to control overloading. In the past, a truck would carry four times more goods than the permissible limit, paid less,” Pajhwok Afghan News quotes Revenue Director Abdul Hadi Bawar said, calling transport, telecommunication, passport, traffic and other departments the main sources of revenue.

Ministry of Finance officials announced last month that Afghanistan’s domestic revenue has increased by 18bn AFN from 2014.

The Afghan government’s commitment to the international community was to collect 114bn AFN during the 2015 fiscal year, but the government collected 117bn AFN.

The international community in London Conference in 2014 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.

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