KABUL, Jan. 28 – According to World Bank latest report on Afghanistan’s economy – stating that in the first nine months of the fiscal year 2022, exports were good, the exchange rate has been stable and the Islamic Emirate’s revenue collection had been very effective. The World Bank stated that inflationary pressure in Afghanistan has […]
KABUL, Jan. 28 – According to World Bank latest report on Afghanistan’s economy – stating that in the first nine months of the fiscal year 2022, exports were good, the exchange rate has been stable and the Islamic Emirate’s revenue collection had been very effective.
The World Bank stated that inflationary pressure in Afghanistan has eased since July of last year, decelerating by half to 9.1 % in November, while most basic food and non-food items are still widely available. The report stated the decline in inflation was due to lower global oil and food prices, along with a stable exchange rate.
Afghanistan exported $1.7 billion worth of goods during this time, an increase of approximately 90% compared to the full year 2021, according to bank, adding that January to June 2022 data shows the country imported $2.9 billion of goods.
According to report revenue collection reaching $1.54 billion between March and December 2022, in line with 2020 results.
A major chunk of the revenues came from taxes collected at borders and non-tax sources while a rise in coal mining royalties and fees were likely the drivers of the increase in revenue, the report found.
The report also noted that most government workers in Afghanistan have received salaries regularly and that their main problem was the lack of cash in banks when withdrawing their salaries.
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