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Kazakh President instructed to ensure effectiveness of provision of state objects in property under privatization

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During the meeting, B. Sultanov has informed the President of Kazakhstan about the results of the Ministry of Finance for the first 9 months this year, implementation of the republican and local budgets, as well as the implementation of the instructions given on the basis of an expanded meeting of the Government of September 9, 2016 under the chairmanship of the Head of State.

Nursultan Nazarbayev has focused on further improving the effectiveness of budget processes, the application of a rational approach to budgeting with the orientation on the government programs to stimulate the economic growth.

The President of Kazakhstan has emphasized the need for the implementation of the “second wave” of privatization measures.

“It is necessary to ensure maximum transparency and efficiency in the provision of public facilities in the property, both domestic and foreign investors”, Nursultan Nazarbayev has said.

In addition, the President has set the task due to the final stage of the campaign on legalization of property. In particular, noting the creation of transparent conditions for carrying out this campaign, the President of Kazakhstan has pointed to its impact on the economy.

“Legalization provides an opportunity to identify the assets that will continue to work on the economy, adding to the budget through taxes. This is one of the main objectives of the tax system”, N. Nazarbayev has said.

The Finance Minister has marked the stabilization of revenues and the increase in the current year by 7.4% due to changes in legislation and improving tax and customs administration in the framework of sound economic policies and implementation of the state program “Nurly Zhol”.

Source: Kazakhtan 2050

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