Gov to Fund 90% of Development Budget by 2024

News - Afghanistan


Around 90 percent of the government's development budget will be funded by Afghanistan's own internal revenues by 2024, the Ministry of Finance announced Monday.

The country depends almost entirely on international aid for its development budget. About 56 percent of the regular budget is currently funded by the government's own revenues, a figure that the ministry announced would be increased to 100 percent over the next few years.

The government expects to raise the additional money by increasing customs revenues and taxes.

"We can fund 40 percent of [the targeted increase] from customs revenues. Taxes, too, are a main component of government income," said ministry spokesman Wahidullah Tawhidi.

But the Afghanistan Chamber of Commerce and Industries (ACCI) urged the government to improve its tax collection to meet the ambitious revenue targets.

"The country's improvement is linked to tax payments; otherwise, there will be no development," said Khan Jan Alokozai, deputy ACCI director.

Tax evasion, including income and property taxes, remains widespread in the country.

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