Publication:
Afghanistan Economic Update, April 2014

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dc.contributor.authorJoya, Omar
dc.contributor.authorKhan, Faruk
dc.date.accessioned2014-06-11T20:26:43Z
dc.date.available2014-06-11T20:26:43Z
dc.date.issued2014-04
dc.description.abstractEconomic growth slowed considerably to 3.6 percent (estimated) in 2013 despite robust agricultural production, as heightened uncertainty surrounding the political and security transition led to a slump in investor and consumer confidence. Growth is projected to remain weak in 2014, while a smooth political and security transition would help restore confidence in the economy and enable a pickup in growth in 2015. Revenue collection continued to weaken in 2013, while Afghanistan's large security expenditure obligations and high aid dependence pose the risk of crowding out important civilian operating and development spending. Domestic revenues declined to 9.5 percent of GDP in 2013 from 10.3 percent in 2012 and the peak of 11.6 percent in 2011. The decline in revenue collections is a result of the economic slowdown as well as weaknesses in enforcement in both tax and customs administration. In light of tight resources, austerity measures in 2013 disproportionately affected civilian expenditures as security expenditures have continued to grow. A concerted effort will be required going forward to improve revenue mobilization, while at the same time safeguarding important civilian spending. In addition to managing the transition related uncertainty and underperformance, Afghanistan will need to stay focused on its medium term structural reform goals, which include: (i) ensuring fiscal sustainability by mobilizing revenue, securing grant assistance, and safeguarding non-security expenditures; (ii) supporting inclusive and job-creating private-sector led growth by unlocking the potential of the agriculture, services, and natural resource sectors and by tapping the potential of regional integration; (iii) continuing to improve upon the still low levels of human capital and skills; and (iv) continuing to strengthen institutions and governance.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19425195/afghanistan-economic-update
dc.identifier.doi10.1596/18633
dc.identifier.urihttps://hdl.handle.net/10986/18633
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADVICE TO GOVERNMENT
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURAL SECTORS
dc.subjectAGRICULTURE
dc.subjectAID DEPENDENT
dc.subjectANNUAL BUDGET
dc.subjectAUCTIONS
dc.subjectAUDITS
dc.subjectBANK FINANCING
dc.subjectBANKING SECTOR
dc.subjectBID
dc.subjectBROAD MONEY
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET EXPENDITURE
dc.subjectBUDGETING
dc.subjectBUSINESS CONFIDENCE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPITAL FLIGHT
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL INJECTION
dc.subjectCENTRAL BANK
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REGISTRY
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCONSUMER CONFIDENCE
dc.subjectCORRUPTION
dc.subjectCREDITS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDECISION MAKING
dc.subjectDEMAND FOR CREDIT
dc.subjectDEMOGRAPHIC
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT POLICY
dc.subjectDEVELOPMENT STRATEGY
dc.subjectDISPUTE RESOLUTION
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC REVENUE
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEPENDENCY
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC SECTOR WORK
dc.subjectENROLLMENT
dc.subjectENVIRONMENTAL BENEFITS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE OBLIGATIONS
dc.subjectEXPENDITURES
dc.subjectEXPORTER
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL TRADE
dc.subjectFAMILIES
dc.subjectFAMILY BUSINESSES
dc.subjectFARMERS
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCING NEEDS
dc.subjectFISCAL FRAMEWORK
dc.subjectFISCAL REVENUE
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFIXED CAPITAL
dc.subjectFIXED INVESTMENTS
dc.subjectFLOATING EXCHANGE RATE
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN GRANTS
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGINI COEFFICIENT
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT INVESTMENTS
dc.subjectGROWTH RATE
dc.subjectGUARANTEE AGENCY
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME TAX
dc.subjectINCOMES
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL SECURITY
dc.subjectINVENTORIES
dc.subjectINVESTING
dc.subjectINVESTMENT ACTIVITY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE REFORMS
dc.subjectINVESTMENT EXPENDITURES
dc.subjectINVESTMENT PORTFOLIO
dc.subjectINVESTMENT STRATEGY
dc.subjectJOB CREATION
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLEVEL OF CONFIDENCE
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectM2
dc.subjectMARKET CONDITIONS
dc.subjectMARKET PENETRATION
dc.subjectMEDIUM-TERM MACROECONOMIC FRAMEWORK
dc.subjectMICROFINANCE
dc.subjectMINISTRY OF FINANCE
dc.subjectMOBILE PHONE
dc.subjectMONEY GROWTH
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL BUDGET
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET CAPITAL
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectOUTPUTS
dc.subjectOUTREACH
dc.subjectPERFORMANCE INDICATORS
dc.subjectPHYSICAL CAPITAL
dc.subjectPLEDGES
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY PROFILE
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INCREASES
dc.subjectPRICE STABILITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATION
dc.subjectPROFITABILITY
dc.subjectPROGRAMS
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC FINANCIAL MANAGEMENT SYSTEMS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICE DELIVERY
dc.subjectPUBLIC SPENDING
dc.subjectRAPID GROWTH
dc.subjectRATE OF RETURN
dc.subjectREAL GDP
dc.subjectRECURRENT EXPENDITURES
dc.subjectREFORM PROGRAM
dc.subjectREGIONAL INTEGRATION
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY OVERSIGHT
dc.subjectRESERVE
dc.subjectREVENUE GROWTH
dc.subjectRISK MANAGEMENT
dc.subjectRULE OF LAW
dc.subjectSALES TAX
dc.subjectSAVINGS
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVIDERS
dc.subjectSOCIAL OUTCOMES
dc.subjectSOCIAL PROTECTION
dc.subjectSTRUCTURAL REFORM
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CHAINS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTAX BASE
dc.subjectTAX EVASION
dc.subjectTAX PAYMENTS
dc.subjectTAX REVENUES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELEPHONE NETWORKS
dc.subjectTIME DEPOSITS
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRANSPARENCY
dc.subjectTRUST FUND
dc.subjectUNCERTAINTY
dc.subjectVALUATION
dc.subjectVOLATILITY
dc.titleAfghanistan Economic Update, April 2014en
dspace.entity.typePublication
okr.date.disclosure2014-04-23
okr.date.doiregistration2025-05-07T09:23:40.038429Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/2014/04/19425195/afghanistan-economic-update
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid265661467996753469
okr.identifier.externaldocumentum000456286_20140423092911
okr.identifier.internaldocumentum19425195
okr.identifier.report87574
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/23/000456286_20140423092911/Rendered/PDF/875740WP0Afgha00Box382171B00PUBLIC0.pdfen
okr.region.administrativeSouth Asia
okr.region.countryAfghanistan
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Expenditure Policy
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Development
okr.topicMacroeconomics and Economic Growth
okr.unitEcon. Policy & Poverty Sector (SASEP)
okr.volume1 of 1
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