SIGAR

ECONOMIC AND SOCIAL DEVELOPMENT
FIGURE 3.28
AFGHANISTAN'S DOMESTIC REVENUES AND DONOR GRANTS COMPARED TO OPERATING
AND DEVELOPMENT BUDGET EXPENDITURES (AFN MILLIONS)
350,000
(11 months)
300,000
250,000
200,000
(9-month FY)
150,000
100,000
50,000
0
Fiscal Year
1389
Fiscal Year
1390
Fiscal Year
1391
Fiscal Year
1392
Fiscal Year
1393
Fiscal Year
1394
Fiscal Year
1395
Domestic Revenues
Donor Grants
Operating Budget
Development Budget
Note: Until recently, Afghan fiscal years ran approximately March 20 to March 20 of Gregorian calendar years. FY 1389
corresponds to March 20, 2009, to March 20, 2010, and so on. Nine-month data for fiscal year 1391 reflect a change in the
timing of the Afghan fiscal year. Afghan fiscal years now generally run December 22 through December 21. Grants represent
funds received from donors. Donor grants are often for specific projects or activities, but can sometimes be spent at
GIROA's discretion. AFN yearly average exchange rates versus one U.S. dollar: FY 1389: 46.63, FY 1390: 47.76, FY 1391:
51.68, FY 1392: 56.53, FY1393: 57.48, FY 1394: 63.91, FY 1395: 67.61.
Source: MOF, Aqrab Financial Statements FY 1395, 12/4/2016; MOF, Qaws Financial Statements FY 1394, 2/27/2016;
MOF, “Annual Fiscal Report 1393,” 3/12/2015; MOF "1394 National Budget," 1/28/2015; MOF, “1393 National Budget,”
2/1/2014; Da Afghanistan Bank, "Currency Hijri Monthly Average USD," accessed 1/10/2017.
revenue collections in FY 1394 (2015) compared to the previous year, and
a 32.0% revenue increase in the first 11 months of FY 1395 (year-on-year),
the Bank said that it would be unrealistic to expect Afghanistan to cover
the current level of expenditures, even if its revenue potential were realized
in all sectors. Therefore, the World Bank said the government must also
reduce expenditures, especially in the security sector. 606 This would be a
difficult feat, given the continuing insurgency.
Trade
Afghanistan’s trade balance was an IMF-estimated negative $7.2 billion
(equivalent to 36.6% of GDP) in 2015 and is projected to be negative
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SPECIAL INSPECTOR GENERAL I AFGHANISTAN RECONSTRUCTION