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Revenues of the State Budget exceed planned indicators according to results of the 1st quarter of 2017

by April 18, 2017 Key Issues

This was reported by Minister of Finance Bakhyt Sultanov at the Government meeting chaired by Prime Minister Bakytzhan Sagintayev.

B. Sultanov reported that revenues of the State Budget were overfulfilled at all levels. Compared with the same period last year, their growth was 116%. State Budget revenues were exceeded by 113% compared to plans for the reporting period, including National Budget revenues � 105%, local budgets � 134%. The National Budget received revenues amounting to 1 157 billion tenge. This is more than the plan by 52 billion tenge, and in comparison with the 1st quarter of last year it is more by 137 billion tenge. Overfulfilment was due to an increase in the volume of imports by 25%, rising prices for metals and turnover from the sale of goods (works, services).

“The State Budget funds application is 97%. The National Budget applied 98%, which is better that local budgets. Regional budgets applied 97%. Expenditures of the National Budget amounted to 2 065 billion tenge, � B. Sultanov noted.

According to the Minister of Finance, annual amount of target transfers amounts to 997.5 billion tenge. In the reporting period, 218.7 billion tenge were allocated. Of these, 96% were used by local executive bodies.

477.1 billion tenge is provided for the Nurly Zhol State Program in 2017: via budget � 319.9 billion tenge, via Baiterek Holding � 157.2 billion tenge.

For the budget part of the State Program, 16.3 billion tenge was applied or 99.7%. Contracts amounting to 146.2 billion tenge, or 46% of the annual plan, were concluded, � B. Sultanov reported.

Recall, today the regular Government meeting chaired by Prime Minister Bakytzhan Sagintayev reviewed the issue On the results of socio-economic development of the Republic of Kazakhstan and application of the National Budget for the 1st quarter of 2017.

Source: Government of the Republic of Kazakhstan