Taliban's first annual Afghan budget foresees $501 million deficit

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KABUL : Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this financial year, the country's Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met.Announcing the first annual national budget since the Taliban t

KABUL : Afghanistan faces a budget deficit of 44 billion Afghanis this financial year, the country's Taliban authorities said on Saturday without clarifying how the gap between expected revenues and planned spending will be met.

"The revenues are collections from departments related to customs, ministries and mines," spokesman for the Finance Ministry Ahmad Wali Haqmal said. The world is yet to officially recognise the Taliban government. The country is dealing with rising security issues and an economic meltdown, while aid agencies figure out how to help 50 million Afghans without giving the Taliban direct access to funds.

Development works would take up 27.9 billion Afghanis, he said, but did not provide a breakdown of spending on areas such as defence.

 

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