The Taliban's first annual Afghan budget forecasts a loss of $501 million.

Taliban officials announce first annual national budget since Taliban took over country in August last year . Government forecasting 231.4 billion Afghanis and 186.7 billion in domestic revenue .

KABUL (KABUL) — Afghanistan faces a budget deficit of 44 billion Afghanis ($501 million) this year, according to Taliban officials, without revealing how the gap between projected revenues and planned spending will be bridged.Deputy Prime Minister Abdul Salam Hanafi announced the first annual national budget since the Taliban took over the war-torn country in August last year, with the government forecasting 231.4 billion Afghanis and 186.7 billion in domestic revenue.The funds are collected from departments tasked with handling customs, ministries, and mines, according to a Finance Ministry spokesperson Ahmad Wali Haqmal.Western-backed governments have largely relied on foreign assistance since the US-led invasion of Afghanistan in 2001.

The Taliban government has yet to be officially recognized by the international community.The country is dealing with rising security challenges and an economic recession, while aid organizations are figuring out how to support 50 million Afghans without providing direct assistance to the Taliban.Hanafi said that the current financial year budget, which will run until February, had been approved by the council of ministries and confirmed by Talibans supreme leader Haibatullah Akhunzada, and that it would only use local funds.According to him, development efforts will cost 27.9 billion Afghanis, but he did not give a breakdown of spending on sectors such as defence.

Since committing to a start date earlier this year, Taliban officials have yet to allow the resuming of older girls education in the region.