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Wednesday, January 20th, 2021

The Government fully complied with all its social obligations under the budget in 2016

by February 4, 2017 Market

According to the Minister of Finance Bakhyt Sultanov reported, compared with the previous year’s budget revenues increased by 1.3 trillion tenge, or by 25%. It is possible to reduce withdrawals from the National Fund in the amount of 370 billion tenge. Expenses incurred on 1.5 trillion tenge more than in 2015.The republican budget savings amounted to 110 billion tenge at the end of the year.

According to the head of the finance department, there were significant cash balances at all budget levels at the beginning of the year. This makes it possible to fund all spending priorities at the beginning of this year, without delay and implementation of social orders, which are designated in the Message of the Head of State “Third Modernization of Kazakhstan: global competitiveness.”

All social obligations as republican budget and local budgets in 2016 to be fully implemented. In addition, entirely made of the annual state program “Nurly Zhol”, to which 472 billion tenge has been allocated in the past year.

“The action on legalization has been completed. 5.7 trillion tenge was legalized, which exceeded initial forecasts. 147 facilities totaling 31 billion tenge were privatized last year,” reported the head of the Ministry of Finance.

Source: Prime Minister of the Republic of Kazakhstan