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Complementary revised budget for 2016 to be spent on implementation of priority projects: B.Sultanov

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by October 25, 2016 Study

Firstly, Minister noted that budget review for 379 billion tenge was made. Taking into account the reallocations, new money for the development make 589 billion tenge. They further strengthen the economic growth and social projects.
“All plans of the administrators are approved, 84% of new finance will be disbursed in October and November. To this end, the Ministry of Finance introduced a portal tracking system. Government agencies need to complet the registration of contracts in November to ensure the full development,” B. Sultanov informed.
In turn, Minister explained that to ensure a balanced budget, the Ministry of Finance will monitor income and expenditure of on a daily basis, including “Nurly Zhol” program and the new Finance on the budget revision.
“The second – work to complete the legalization action, ensuring the efficiency and credibility of the participants will be set up, and work on the inventory of subordinate organizations in order to transfer them to a competitive environment will be completed,” the head of the Ministry informed.
Thirdly, B. Sultanov noted that an important task is to work on next year’s budget. There is a decision of the Republican Budget Commission on the approval of the draft budget for 2017-2019, and state agencies can start to plan preliminary procurement. It is advisable to announce about complex procurement as early as this year.
“Thus, we are ready for the full and qualitative completion of the year. All fiscal measures will be taken to solve the problems of economic stability,” Minister concluded.

Source: The Prime Minister of Kazakhstan


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