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Fiscal Challenges/Risks & Transparancy. Fiscal Policy Unit Ministry of Finance January 10, 2012. Outline. Fiscal Challenges / Risks Fiscal Sustainability Increased Security Expenditures Operating & Maintenance costs Others Fiscal Transparency (OBI context). Fiscal Challenges / Risks.

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Fiscal challenges risks transparancy

Fiscal Challenges/Risks & Transparancy

Fiscal Policy Unit

Ministry of Finance

January 10, 2012


Outline
Outline

  • Fiscal Challenges / Risks

    • Fiscal Sustainability

    • Increased Security Expenditures

    • Operating & Maintenance costs

    • Others

  • Fiscal Transparency (OBI context)



Fiscal challenges risks con d
Fiscal Challenges / Risks (Con’d)

  • Significant growth in the size of Afghan Security Forces and its associated costs

  • 2014 Transition and its adverse economic impacts on Afghan economy

  • Associated Risks with mining revenue (i.e Security)


Fiscal challenges risks1
Fiscal Challenges / Risks

  • Lack of Aid Predictability effects fiscal planning (particularly the government’s priorities)

  • Operating & Maintenance Costs (all accumulated assets in past 10 years have to be properly maintained in both security and non-security sectors)

    • Security sector Operating & Maintanance costs US$ 3.7 Billion

    • Civilian Operating & Maintance cost of US$ 1.3 Billion


Fiscal transparency open budget index obi
Fiscal Transparency (Open Budget Index – OBI)


Why fiscal tranparancy is important
Why fiscal Tranparancy is important?

  • Citizens have access (including journalists) to documents and they can be involvement in budget preparation process

  • Journalists can aware the public about the government’s fiscal operations (revenue collection, expenditure execution, financing the deficit)

  • Public can hold the government accountable

    • The management of tax payer’s (public’s) money AND

    • If it was not able to deliver better public services

  • Better information for decision-makers

  • Minister, DM and DG, Cabinet, and Parliament


What is the open budget index
What is the Open Budget Index?

  • OBI Survey conducted every two years by International Budget Partnership (NGO from USA). Compares over 80 countries.

  • Review of budget documents released over a one year period (September to September).

    • Recently released 2010 OBI Review looked at documents released between mid September 2008 and mid September 2009.

    • Next 2012 Review (Sept 2010 and Sep 2011.




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