Minerals, medicines and China: How can the Taliban be able to finance their new Afghanistan administration – News2IN
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Minerals, medicines and China: How can the Taliban be able to finance their new Afghanistan administration

Minerals, medicines and China: How can the Taliban be able to finance their new Afghanistan administration
Written by news2in

Now, the Taliban reportedly took full control over Afghanistan and began to form a government, a towering challenge of waiting: How will they keep their country and economy float financially? Photo file: Taliban co-founder Mullah Abdul Ghani Baradar, left, and Chinese Foreign Minister Wang Yi posed for photos during their meeting in Tianjin, China.
Over the past 20 years, the US government and other countries have financed most of the non-military budgets of the Afghan government – and every penny of the battle power that melts into the Taliban so fast in August 2021.
Now, with the help of America it is possible to come out of questions and billions In the central bank of foreign exchange reserves are frozen, the Taliban must find other ways to pay salaries and support citizens and infrastructure.
Understanding how the Taliban will pay their government began with the last time they came to power for 20 years ago.
Afghanistan has changed the Lotin of the 1990s, Afghanistan is a very different country.
The population is under 20 million and relies on international aid groups for some services they can provide.
In 1997, for example, the Taliban government had a budget of only US $ 100,000, which was almost not enough for the salaries of government officials, especially the administrative needs and development of the entire country.
Today, Afghanistan has changed significantly.
The population has grown significantly, and its citizens expect services such as health care, education and basic utilities.
In 2020, for example, Afghanistan had a non-military budget of $ 5.6 billion.
As a result, Kabul has been transformed from a war-hit by a war to a modern capital, with more high rise, internet cafes, restaurants and universities.
Most of the expenditures of development and infrastructure that have occurred since 2001 come from other countries.
The US and other international donors cover around 75% of government non-military spending during those years.
In addition, the US spent $ 5.8 billion since 2001 concerning economic and infrastructure development.
However, government revenues began discussing the distribution of domestic spending in recent years.
Resources include customs, taxes, income from costs in services such as passport, telecommunications and roads, and income from broad mineral wealth but most have not been utilized.
Revenue will be much higher is not for endemic government corruption, which some experts and officials quoted as the main reasons for their fall.
A report from May 2021 suggested that $ 8 million was being wrapped out of the country every day, which would add around $ 3 billion per year.
Where the Taliban gets money, the Taliban has their own significant revenue stream to finance their rebellion because it gained control of the country.
In the fiscal year 2019-2020 alone, the Taliban swept $ 1.6 billion from various sources.
Especially, the Taliban received $ 416 million of the year from selling opium, more than $ 400 million from mineral mining such as iron ore, marble and gold, and $ 240 million from donors and private groups.
US intelligence agents and others believe that various countries, including Russia, Iran, Pakistan and China, have helped finance the Taliban.
With that resource, the Taliban was able to buy many weapons and foster their military ranks when they took advantage of US withdrawals and conquering Afghanistan in a matter of weeks.
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