Taliban calculating new national budget without foreign aid support

 

Taliban - new national budget - without foreign aid


Afghanistan's finance ministry under the Taliban government has prepared a draft national budget. For the first time in two decades, the national budget is funded without foreign aid support.

Afghanistan’s Law students and lawyers are filing reports with JURIST about Afghanistan’s situation after the Taliban takeover. JURIST is a legal news website in collaboration with the University of Pittsburgh. A Staff Reporter for JURIST in Kabul reported on recent statements made by Taliban officials about the forthcoming national budget.

The National budget will be entirely based on domestic revenues. Reportedly, it will not rely on any foreign aid. According to Jurist, since the Taliban took power in August, most foreign aid has been suspended from the country. Many western countries also blocked access to billions of dollars in Afghanistan’s foreign exchange assets after the Taliban takeover.

Ahmad Wali Haqmal on the national budget

Finance ministry spokesman Ahmad Wali Haqmal did not disclose the important facts of the draft budget, however, it could be funded from domestic revenues. Haqmal said the draft budget will be submitted to the Taliban cabinet for approval before being published.

Reportedly, many public servants are not paid their wages for several months in Afghanistan. Haqmal said, "We are trying our best to pay the remaining salaries by year-end.” The Taliban Ministry of Finance also announced that they have generated 26.915 billion afghanis ($ 283 million) in revenue in the last 78 days.  Haqmal claimed that their revenues are increasing rapidly.

UN on the humanitarian crisis in Afghanistan

The United Nations provides cash assistance to the country by the International Bank of Afghanistan. The United Nations (UN) earlier warned that Afghanistan could suffer a major humanitarian crisis because of the widespread hunger and poverty in Afghanistan.

Reportedly, Afghanistan is on the brink of mass starvation. More than half of the population of Afghanistan are expected to face life-threatening food insecurity, according to the WFP (World Food Programme). Now, the national budget without foreign aid will deepen the humanitarian and economic crisis in Afghanistan.


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