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Wednesday, September 23rd, 2020

Budget revenues exceeded by nearly 1 trillion tenge – Minister of Finance

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by October 25, 2016 Health

According to minister, revenues have significantly exceeded and taxes have been collected in a volume equal to almost for the whole of last year.
“Reaching a peak for a given period, expenses are implemented. Half of the costs are a social and a quarter focused on economic growth,” B.Sultanov said.
According to the head of the Ministry, the regional economy is supported by a transfer to a new economic stability, and overall local budgets show good growth.
“The results reflect the performance of the positive results of the impact of fiscal policy on the economic situation,” Minister said.
He explained that the revenues exceeded by almost 1 trillion tenge (941 billion tenge or 26%).
“This reflects the improvement in the macroeconomic environment. For example, the number of active taxpayers increased by 7.3%, reaching 85 thousand enterprises,” Minister explained.
Over fulfillment of revenues was the basis for the specification of the budget. In general, the state budget revenues (without transfers) are executed at 126%, including the republican budget – by 131%, and local budgets – by 115%

Source: The Prime Minister of Kazakhstan

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