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Govt revenue may dip by 50pc if virus not contained

Govt revenue may dip by 50pc if virus not contained

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On
Apr 29, 2020 - 06:36

KABULinfo-icon (Pajhwok): Afghanistaninfo-icon’s revenue could plummet by 50 percent if the coronavirus spread is not checked over the next five months, warns the Ministry of Finance (MoF).

Amid fears that the pandemic could trigger a serious economic crisis, the MoF Treasury Department voiced its concerns about a 50 percent decline in the national revenue.

According to a private TV channel, the Afghanistan Chamber of Commerce and Investment (ACCI) has also expressed its concern at the slowdown in the manufacturing sector.

The coronavirus outbreak has caused a significant uptick in the rate of unemployment and the closure of many industrial units in the country.

The manufacturing of many items barring disinfectants and sanitisers had come to a standstill across the country, Tolo News reported.

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