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Sultanov: Over 9 months state budget revenue exceeded by nearly kzt 1 trln

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by October 25, 2016 Legal

Over the first 9 months, the state budget’s disbursement shows some qualitative achievements. Revenues significantly exceeded, and taxes have been collected in the same volume as the last year. Costs developed, reaching a peak for a given period. Half of the costs is for social needs and a quarter more is directed for economic growth. The regional economy shows good growth”, – B. Sultanov said.
According to the Minister, the results reflect the positive impact of fiscal policy on the economic situation.
“Revenues exceeded by nearly 1 trillion tenge. This reflects an improvement in the macroeconomic environment. For example, the number of active taxpayers increased by 7.3%, reaching 85 thousand enterprises. Thus, the policy of support is visible the economy has generated additional taxes, and these taxes return to the economy. In general, the state budget revenues fulfilled by 126%, including the republican budget – by 131%, and local budgets – 115%”, – B. Sultanov informed.

Source: Kazakhtan 2050

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