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KZT 2.4 tln to direct for realization of Kazakhstan’s Third modernization

by February 13, 2017 Legal

Finance Minister Bakhyt Sultanov presented the draft adjusted national budget for 2017-2019 in Kazakhstan during the Government meeting.

According to him, the priority direction of the clarification of the expenditure budget is the realization of the Address of the Head of State. For these purposes in the budget there is 2 435 billion tenge.

In particular, the Minister said that the realization of the Address will be implemented through the following activities: accelerated technological modernization of the economy – 231 billion tenge; fundamental improvement and expansion of the business environment – 0.7 billion tenge.

In addition, 2 093.1 billion tenge will be allocated for the implementation of macro-economic stability; 86.2 billion tenge for improvement of the quality of human capital; institutional change, security and the fight against corruption – 23.9 billion tenge.

Following the meeting, Prime Minister of Kazakhstan Bakytzhan Sagintayev instructed to make a forecast of SR and the budget bill in the prescribed manner to the Majilis of the Kazakh Parliament.

Source: Kazakhstan 2050