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Taliban prepares Afghan budget without any foreign support

A draft budget running until December 2022 has been prepared for approval by the Afghani finance ministry. Having no foreign aid, authorities remark “We are trying to finance it from our domestic revenues -- and we believe we can.”

Published on: Dec 17, 2021 02:41 PM IST
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Afghanistan's finance ministry under the new Taliban government has prepared a draft national budget that, for the first time in two decades, is funded without foreign aid, a spokesman said.

Representative Image
Representative Image

It comes as the country is mired in economic crisis and faces a looming humanitarian catastrophe the United Nations has called an "avalanche of hunger".

Finance ministry spokesman Ahmad Wali Haqmal did not disclose the size of the draft budget -- which runs until December 2022 -- but told AFP it would go to the cabinet for approval before being published.

"We are trying to finance it from our domestic revenues -- and we believe we can," he earlier told state television in an interview shared on Twitter.

Global donors suspended financial aid when the Taliban seized power in August and Western powers also froze access to billions of dollars in assets held abroad.

The 2021 budget, put together by the previous administration under IMF guidance, projected a deficit despite 219 billion Afghanis in aid and grants and 217 billion from domestic revenue.

Haqmal accepted that public servants are still owed several months of wages, saying "we are trying our best" to make good on overdue pay by year-end.

He warned, however, a new pay scale had also been prepared.

 
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