Work On Time-Consuming Projects Halted
KABUL: The Ministry of Finance on Monday said budget deficit has forced them to stop construction work on some time-consuming development projects.
In 2014, the ministry faced with 21 billion afghanis budget shortfall, Finance Ministry Spokesman Abdul Qadir Jilani told Pajhwok Afghan News.
He said the operating budget for the current year, as originally projected by the ministry was about 280 billion afghanis and the development outlay 147 billion afghanis.
According to Jilani, they had collected 50 billion afghanis revenues from 60 billion afs target set for first six months of the current year.
But revenues of the first half of the ongoing year showed 14 percent increase as compared to the same period last year, he added.
He said construction work on some time-consuming development projects had been halted. He linked the budget shortfall to non delivery of aid by international community, head of elections to the second round, reduction in export and import of goods and concerns of investors about the country’s future.
He explained the ministry has urged the international community to ensure timely delivery of assistance they pledged to Afghan government to implement projects as per plans.
He hoped results of the runoff presidential elections would be announced on schedule adding that any delay in this connection would result in decrease of Afghani currency in international market.