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Government’s 9 months revenue reaches 114b afs

Government’s 9 months revenue reaches 114b afs

Sep 24, 2016 - 19:22

KABULinfo-icon (Pajhwok): The government has so far collected 114 billions afghanis in revenues during the first nine months of the current fiscal year, the Ministry of Finance (MoF) said Saturday.

MoF spokesman Ajmal Hamid Abdul Rahimzai told Pajhwok Afghan News this year’s revenue target was 132 billion afghanis and expressed confidence that even more could be collected until the end of the year.

“Considering the current returns, we will be able to collect beyond the target until December 20 when the fiscal year ends,” he said.

He linked the increase in revenue to computerizing revenue collection system to prevent corruption and appointing honest people at relevant offices.

He said the MoF was decisively fighting corruption and urged the people to support the ministry in ensuing transparency.

Rahimzai said the International Monetary Fund (IMF) had set the government 114 billion afghanis target for last year, when more than 121 billion afghanis collected.

However, Abdul Qayum Arif, financial and banking faculty head at Kabul Economy University, said such increase in revenue could not be called an achievement because it was temporary.

He said the government revenue increased after it increased custom duty, which he believed could negatively impact investments in the country. He said the revenue would decrease again with cut in investments.

The government could increase revenue by eliminating corruption at customs offices and reducing customs taxes for more investments, Arif said.

However, the MoF spokesman said the increased revenue resulted from fighting against corruption.



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