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70% of annual amount of the allocated funds was mastered under Nurly Zhol program – Ministry of Finance of Kazakhstan

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by October 25, 2016 General

B. Sultanov reported that about 70% of the annual amount of the allocated funds was mastered for 9 months under “Nurly Zhol” program.
According to Minister of Finance, there is good dynamics of disbursement of the budget under “Nurly Zhol” program.
“Administrators fully transferred funds to implement major infrastructure projects (Astana International Airport, railways Zhezkazgan – Beineu, Almaty – Shu, ferry complex at Kuryk port, FEZ infrastructure National Industrial Petrochemical Technology Park). These projects will have a multiplier effect in the future,” B. Sultanov said.
Minister informed, funds, aimed at housing construction and housing and communal services, the development of educational infrastructure, were transferred to the regions timely .
Local bodies mastered 161.6 billion tenge, or 97.1% of the received funds, did not master 3.7 billion tenge.
“In general, the implementation takes places on the optimal schedule, the remaining funds are distributed in proportion to the rest of the year,” B. Sultanov summed up.

Source: The Prime Minister of Kazakhstan

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