Afghanistan Economic Update, October 2011
Afghanistan's economy is growing strongly. The growth drivers in recent years have been above-average agricultural production, strong growth in construction and transportation, and security spending enabled by large aid flows, especially in FY...
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/852081468184759655/Afghanistan-economic-update http://hdl.handle.net/10986/27073 |
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okr-10986-270732021-04-23T14:04:39Z Afghanistan Economic Update, October 2011 World Bank AGRICULTURE AIRPORT AUDITS BAILOUT BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK ACCOUNTS BANK GUARANTEES BANKING SECTOR BANKING SECTOR REFORM BANKING SUPERVISION BANKING SYSTEM BENCHMARKS BIDS BIOMETRIC SYSTEMS BROAD MONEY BUSINESS ENVIRONMENT CAPITAL INFLOWS CASH BALANCE CENTRAL BANK CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CREDIT FACILITY CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICING DEBT STOCK DEFLATION DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT INVESTMENT DEVELOPMENT INVESTMENTS DEVELOPMENT PATH DISBURSEMENTS DRIVERS DRIVING ECONOMIC DEVELOPMENTS EMERGENCY RESPONSE EMPLOYMENT EQUIPMENT EXCHANGE RATE REGIME EXCHANGE RATES EXPORTER EXTERNAL DEBT EXTERNAL FINANCING FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FLOATING EXCHANGE RATE FOOD PRICES FREIGHT FREIGHT SERVICE FREIGHT SERVICES FUEL FUEL PRICES FUELS FUTURE GROWTH GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME TAX INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST PAYMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL INTEREST INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVESTING INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO M2 MANUFACTURING INDUSTRY MARKET DEVELOPMENT MOBILE BANKING MOTOR VEHICLES NATIONAL RAILWAY NATIONAL SECURITY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE SHOCKS NET EXPORTS NEW MARKET O&M OPERATING EXPENDITURES OUTPUT PAYMENT SYSTEM PENSION PENSION REFORM PENSIONS POLITICAL STABILITY PORTFOLIO PRICE CHANGES PRICE ELASTICITY PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC BUDGET PUBLIC DEBT PUBLIC FINANCES PUBLIC SPENDING PURCHASING POWER RAILWAY RAILWAY NETWORK RAILWAYS REAL EXCHANGE RATE REAL GDP REAL SECTOR RECURRENT EXPENDITURE RECURRENT EXPENDITURES RED TAPE REGULATORY CONSTRAINTS REGULATORY FRAMEWORK RESERVES RETURN RETURNS RULE OF LAW SAVINGS SECURITY CONTROL SOCIAL PROTECTION SUSTAINABLE DEVELOPMENT TAX TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL DEBT TRADE BALANCE TRADE FLOWS TRADING TRAFFIC TRANSFER OF SECURITY TRANSIT TRANSIT TRADE TRANSPORT TRANSPORTATION TREASURY TRUCKS TRUST FUND TRUST FUNDS WAGES WEALTH Afghanistan's economy is growing strongly. The growth drivers in recent years have been above-average agricultural production, strong growth in construction and transportation, and security spending enabled by large aid flows, especially in FY2009/10. Real Gross Domestic Product (GDP) growth reached 8.4 percent in FY2010/11. Afghanistan's fiscal position is strengthening. In the last three years revenues grew by an average of 34 percent p.a., thanks to improvements in customs and tax administration. Larger increases are expected once mining operations and with the introduction of a value-added tax in FY2014/15. However, government expenditures will also increase in the coming years due to higher security spending, the roll out of pay-and-grading reforms for the civil service, rising recurrent obligations from large donor-supported projects (including those financed outside of the core budget) and the fiscal costs of the Kabul Bank bail-out. The first phase of the handover of security responsibilities to Afghan national security forces in six locations has been completed. 2017-06-13T15:37:38Z 2017-06-13T15:37:38Z 2011-10 Report http://documents.worldbank.org/curated/en/852081468184759655/Afghanistan-economic-update http://hdl.handle.net/10986/27073 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work South Asia Afghanistan |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
AGRICULTURE AIRPORT AUDITS BAILOUT BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK ACCOUNTS BANK GUARANTEES BANKING SECTOR BANKING SECTOR REFORM BANKING SUPERVISION BANKING SYSTEM BENCHMARKS BIDS BIOMETRIC SYSTEMS BROAD MONEY BUSINESS ENVIRONMENT CAPITAL INFLOWS CASH BALANCE CENTRAL BANK CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CREDIT FACILITY CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICING DEBT STOCK DEFLATION DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT INVESTMENT DEVELOPMENT INVESTMENTS DEVELOPMENT PATH DISBURSEMENTS DRIVERS DRIVING ECONOMIC DEVELOPMENTS EMERGENCY RESPONSE EMPLOYMENT EQUIPMENT EXCHANGE RATE REGIME EXCHANGE RATES EXPORTER EXTERNAL DEBT EXTERNAL FINANCING FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FLOATING EXCHANGE RATE FOOD PRICES FREIGHT FREIGHT SERVICE FREIGHT SERVICES FUEL FUEL PRICES FUELS FUTURE GROWTH GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME TAX INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST PAYMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL INTEREST INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVESTING INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO M2 MANUFACTURING INDUSTRY MARKET DEVELOPMENT MOBILE BANKING MOTOR VEHICLES NATIONAL RAILWAY NATIONAL SECURITY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE SHOCKS NET EXPORTS NEW MARKET O&M OPERATING EXPENDITURES OUTPUT PAYMENT SYSTEM PENSION PENSION REFORM PENSIONS POLITICAL STABILITY PORTFOLIO PRICE CHANGES PRICE ELASTICITY PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC BUDGET PUBLIC DEBT PUBLIC FINANCES PUBLIC SPENDING PURCHASING POWER RAILWAY RAILWAY NETWORK RAILWAYS REAL EXCHANGE RATE REAL GDP REAL SECTOR RECURRENT EXPENDITURE RECURRENT EXPENDITURES RED TAPE REGULATORY CONSTRAINTS REGULATORY FRAMEWORK RESERVES RETURN RETURNS RULE OF LAW SAVINGS SECURITY CONTROL SOCIAL PROTECTION SUSTAINABLE DEVELOPMENT TAX TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL DEBT TRADE BALANCE TRADE FLOWS TRADING TRAFFIC TRANSFER OF SECURITY TRANSIT TRANSIT TRADE TRANSPORT TRANSPORTATION TREASURY TRUCKS TRUST FUND TRUST FUNDS WAGES WEALTH |
| spellingShingle |
AGRICULTURE AIRPORT AUDITS BAILOUT BALANCE OF PAYMENT BALANCE OF PAYMENTS BANK ACCOUNTS BANK GUARANTEES BANKING SECTOR BANKING SECTOR REFORM BANKING SUPERVISION BANKING SYSTEM BENCHMARKS BIDS BIOMETRIC SYSTEMS BROAD MONEY BUSINESS ENVIRONMENT CAPITAL INFLOWS CASH BALANCE CENTRAL BANK CIVIL SERVICE COMPETITIVENESS CONSUMER PRICE INDEX CREDIT FACILITY CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICING DEBT STOCK DEFLATION DEPOSIT DEPOSITS DEVELOPMENT BANK DEVELOPMENT INVESTMENT DEVELOPMENT INVESTMENTS DEVELOPMENT PATH DISBURSEMENTS DRIVERS DRIVING ECONOMIC DEVELOPMENTS EMERGENCY RESPONSE EMPLOYMENT EQUIPMENT EXCHANGE RATE REGIME EXCHANGE RATES EXPORTER EXTERNAL DEBT EXTERNAL FINANCING FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FLOATING EXCHANGE RATE FOOD PRICES FREIGHT FREIGHT SERVICE FREIGHT SERVICES FUEL FUEL PRICES FUELS FUTURE GROWTH GDP PER CAPITA GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FINANCE GOVERNMENT REVENUE GOVERNMENT SPENDING GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME TAX INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INSURANCE INTEREST PAYMENTS INTERNATIONAL DEVELOPMENT INTERNATIONAL INTEREST INTERNATIONAL INVESTORS INTERNATIONAL RESERVES INTERNATIONAL SECURITY INVESTING INVESTMENT CLIMATE INVESTMENT FINANCING INVESTMENT PORTFOLIO M2 MANUFACTURING INDUSTRY MARKET DEVELOPMENT MOBILE BANKING MOTOR VEHICLES NATIONAL RAILWAY NATIONAL SECURITY NATURAL RESOURCE NATURAL RESOURCES NEGATIVE SHOCKS NET EXPORTS NEW MARKET O&M OPERATING EXPENDITURES OUTPUT PAYMENT SYSTEM PENSION PENSION REFORM PENSIONS POLITICAL STABILITY PORTFOLIO PRICE CHANGES PRICE ELASTICITY PRICE VOLATILITY PRIVATE INVESTMENT PRIVATE INVESTMENTS PRIVATE SECTOR DEVELOPMENT PRODUCTIVITY PUBLIC BUDGET PUBLIC DEBT PUBLIC FINANCES PUBLIC SPENDING PURCHASING POWER RAILWAY RAILWAY NETWORK RAILWAYS REAL EXCHANGE RATE REAL GDP REAL SECTOR RECURRENT EXPENDITURE RECURRENT EXPENDITURES RED TAPE REGULATORY CONSTRAINTS REGULATORY FRAMEWORK RESERVES RETURN RETURNS RULE OF LAW SAVINGS SECURITY CONTROL SOCIAL PROTECTION SUSTAINABLE DEVELOPMENT TAX TAX ADMINISTRATION TAX COLLECTION TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL DEBT TRADE BALANCE TRADE FLOWS TRADING TRAFFIC TRANSFER OF SECURITY TRANSIT TRANSIT TRADE TRANSPORT TRANSPORTATION TREASURY TRUCKS TRUST FUND TRUST FUNDS WAGES WEALTH World Bank Afghanistan Economic Update, October 2011 |
| geographic_facet |
South Asia Afghanistan |
| description |
Afghanistan's economy is growing
strongly. The growth drivers in recent years have been
above-average agricultural production, strong growth in
construction and transportation, and security spending
enabled by large aid flows, especially in FY2009/10. Real
Gross Domestic Product (GDP) growth reached 8.4 percent in
FY2010/11. Afghanistan's fiscal position is
strengthening. In the last three years revenues grew by an
average of 34 percent p.a., thanks to improvements in
customs and tax administration. Larger increases are
expected once mining operations and with the introduction of
a value-added tax in FY2014/15. However, government
expenditures will also increase in the coming years due to
higher security spending, the roll out of pay-and-grading
reforms for the civil service, rising recurrent obligations
from large donor-supported projects (including those
financed outside of the core budget) and the fiscal costs of
the Kabul Bank bail-out. The first phase of the handover of
security responsibilities to Afghan national security forces
in six locations has been completed. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Afghanistan Economic Update, October 2011 |
| title_short |
Afghanistan Economic Update, October 2011 |
| title_full |
Afghanistan Economic Update, October 2011 |
| title_fullStr |
Afghanistan Economic Update, October 2011 |
| title_full_unstemmed |
Afghanistan Economic Update, October 2011 |
| title_sort |
afghanistan economic update, october 2011 |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/852081468184759655/Afghanistan-economic-update http://hdl.handle.net/10986/27073 |
| _version_ |
1764463396654153728 |