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Thursday, October 17th, 2019

Government approves republican budget for 2019

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At the Government session chaired by the Prime Minister Askar Mamin, the republican budget for 2019 was specified.

The Minister of National Economy Ruslan Dalenov reported on the forecasts of the main macro-indicators and budget parameters, and the First Vice Minister of Finance Berik Sholpankulov presented the draft revised republican budget for 2019.

Taking into account the preservation of the main indicators of the Forecast of the country’s socio-economic development for 2019, adjusted in March of this year, the adjusted revenues to the republican budget for 2019 will amount to 7081.3 billion tenge, expenses � 12,028.1 billion tenge.

The adjusted budget revenues and expenses will make it possible to cover the need for additional financing for solving social problems and create additional sources of economic growth Mamin said.

Additional sources of economic growth are planned to be created by redistributing funds to support the manufacturing industry, lending to ZHSSBK JSC for housing loans to investors, reconstruction of irrigation and drainage systems of the demanded irrigated lands of Pavlodar and Aktobe regions, as well as the implementation of a pilot project for the development of rural cooperation in the Zhambyl region.

It is proposed to provide financial support for these tasks by redistributing expenses in the amount of 199.1 billion tenge and adjusting budget revenues for the first 9 months of this year in the amount of 94.9 billion tenge.

Based on the results of the consideration of the issue, the Prime Minister Mamin ordered the relevant state bodies to introduce the draft law On Amending the Law of the Republic of Kazakhstan On the Republican Budget for 2019-2021 for consideration by the Parliament of the Republic of Kazakhstan.

Source: Prime Minister of the Republic of Kazakhstan

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