Ministry of Finance (Afghanistan)

Ministry of Finance
Agency overview
Jurisdiction Government of Afghanistan
Headquarters Pashtoonistan Watt Kabul, Afghanistan
Minister responsible
Website http://mof.gov.af/en
Afghanistan
This article is part of a series on the
politics and government of
Afghanistan
Foreign relations

The Ministry of Finance of Afghanistan is responsible for the implementation and execution of the budget, collection of taxes, organization, and control of public expenses in Afghanistan; it also controls the management of the Custom Affairs.[1] The Ministry of Finance provides a quarterly report to inform the public of advancements in Afghanistan's financial sector.[2]

History

The importance of taxes was first given a significant role under the rule of Ahmad Shah Baba. “In 1140, a number of governmental departments and offices were established, including the Ministry of Finance of Afghanistan, which was named Humayon Alla.” [3] The first minister was Abdullah Khan Popalzai better known as Dewan Begi. His successor Mustafawi Almalik improved the national economic system and monitoring of financial accounting in Afghanistan. Under king Habibullah Khan the tax base was small and the majority of Afghans did not accept the system in place. After achieving independence and reform of administrative military organization, the new Ministry of Finance was established. “Later, in 1965 the financial systems were developed and officially introduced in Afghanistan.” [4] According to the requirements and needs of Afghan financial system the ministry of Finance has following structure: Ministry, Deputy Administrative, Financial Deputy, Deputy Revenue and Customs, and Deputy Policy.[5] The Ministry of Finance has 12 departments and each department has certain responsibilities to lead and manage.

Responsibilities

International donors financially support the main portion of the Afghan governmental budget. As the Ministry of Finance is responsible for public finance and budget expenses throughout the country, it encourages international donors to provide direct budget aid in order to strengthen the position and credibility of the Ministry of Finance. According to the Afghanistan National Development Strategy the target sectors in 1390 (2011) were the security sector, the education sector and the governance sector.[6] The goal of the strategy is reduce poverty, accelerate economic growth and improve security and governance.[7] In 1391 (2012), budget AFS 18,838 million was allocated to security sector, for Education sector 5.533 million and for governance sector 2,531 million were allocated.[8]

The total development budget for fiscal year 1390 (2011) was Afs 74 billion - which is equal to 1.4 billion USD - and it increased to Afs 101.2 billion equal to 1.9 billion USD in 1391 [9] Whereas in 1391 the total development grants reached to 14.2 billion which increased by 49.5 percent throughout the year.[10] The Ministry of Finance tries to adjust its financial systems and financial activities according to international rules and regulations. In order to accomplish these targets, the Ministry of Finance created new units, which include staff enrollment parts, policy design, and budget execution. The main goal of Ministry of Finance is control the financial affairs of the country in order to have an economically more powerful country and make sure that public wealth is improved.[11]

Ministers

1. Abdullah Malikyar 1960 under King Mohammed Zahir Shah
2. Sayed Qassem Reshtia July 1964 - October 1965
3. Mohammad Aman 1969 - 1971
4. Fazal Haq Khaliqyar 1971 - 1972
5. Hedayat Arsala December 2001 - June 2002 under President Hamid Karzai
6. Ashraf Ghani June 2012 - December 2004
7. Anwar ul-Haq Ahady December 2004 - February 2009
8. Omar Zakhilwal February 2009 – Present

References

  1. ↑ http://www.mof.gov.af/?p=ministry_info
  2. ↑ http://mof.gov.af/en/page/3774
  3. ↑ http://mof.gov.af/en/page/401
  4. ↑ http://mof.gov.af/en/page/401
  5. ↑ http://mof.gov.af/en/page/401
  6. ↑ http://www.embassyofafghanistan.org/page/afghanistan-national-development-strategy
  7. ↑ Ministry of Finance Fiscal Bulletin magazine, p. 19-20
  8. ↑ Ministry of Finance Fiscal Bulletin magazine, p. 19-20
  9. ↑ Ministry of Finance Fiscal Bulletin magazine, p. 19-20
  10. ↑ http://mof.gov.af/en/page/401
  11. ↑ http://mof.gov.af/en/page/401
This article is issued from Wikipedia - version of the 9/2/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.