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Afghan Finance Minister briefs Lower House on national revenue

Afghan Finance Minister briefs Lower House on national revenue

KABUL: Afghan Finance Minister Eklil Hakimi and Deputy Finance Minister Karim Baz provided information on the national revenue and other activities and achievements of the ministry to the Wolesi Jirga or the Lower House of the parliament.

Hakimi highlighted the achievements of High Economic Council, expenditure of development budget and also provided information on national programs, multi-purpose dams and reforms in customs and revenue sources.

Hakimi said the government has collected 47.5bn AFN in revenue by 26 Hamal of this year, showing a 4% increase (2mn AFN) compared to this term of last year.

He highlighted the collection of 169.1bn AFN in revenue from internal resources in 1396 (a 70% increase from the 1393 revenue) and 95% expenditure of development budget as two major achievements of the Ministry of Finance.

He added that the Ministry of Finance received USD 1.2bn, Euros 497mn, CAD 37mn and USD 201 billion in the first quarter of 2018 in foreign aid to finance the national priority development programs.

According to Hakimi, the paperwork involved in tax payment is reduced by 70% to further improve revenue collection process.