Editor in Chief: Moh. Reza Huwaida Friday, May 3rd, 2024

Afghanistan Suffers $5bln Loss Due to Election Deadlock: Zakhilwal

Afghanistan Suffers $5bln  Loss Due to Election Deadlock: Zakhilwal

KABUL - Afghanistan has suffered over $5 billion financial loss due to political impasse as a result of election deadlock, Finance Ministry officials said.

Finance Minister, Hazrat Omar Zakhilwal, has said the deadlock has also resulted to capital flight from the country which amounts to almost $6 billion.

While speaking during an interview with the BBC Farsi, Zakhilwal, expressed concerns that the negative impact of financial loss will remain for a longer period of time.

Zakhilwal also warned of economic crisis if the election deadlock was not resolved and the vote results was not released on time.

He said the deadlock has resulted to reduction in government revenue and warned that country would move towards an unstable condition if the deadlock persists.

Zakhil said the government will be forced to cut jobs and reduce salaries of the government employees in case of an economic crisis in the country.

This comes as the Ministry of Finance had earlier informed of a 25 percent reduction in government revenues as compared to last year. (KP)