Government • 01 October, 2019

The Government clarifies the Republican budget for 2019

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At the meeting of the Government chaired by Prime Minister Askar Mamin, the Republican budget for 2019 was clarified, primeminister.kz reports.

The forecasts of the main macro indicators and budget parameters were reported by the Minister of national economy R. Dalenov, the draft of the revised Republican budget for 2019 was presented by the first Deputy Minister of Finance B. Sholpankulov.

Taking into account the preservation of the main indicators of the Forecast of socio-economic development of the country for 2019, adjusted in March this year, revenues to the Republican budget for 2019 will amount to 7081.3 billion tenge, expenses-12028.1 billion tenge.

"Adjusted budget revenues and expenditures will cover the need for additional funding to solve social problems, create additional sources of economic growth," A. Mamin said.

Additional sources of economic growth are planned to be created through the redistribution of funds to support the manufacturing industry, lending to JSC “Housing construction saving bank of Kazakhstan” for the issuance of housing loans to investors, reconstruction of irrigation systems of demanded irrigated lands of Pavlodar and Aktobe regions, as well as the implementation of a pilot project for the development of cooperation in rural areas in Zhambyl region.

Financial support for these tasks is proposed to be carried out by reallocating expenditures in the amount of 199.1 billion tenge and adjusting budget revenues for the first 9 months of this year in the amount of 94.9 billion tenge.

Following the consideration of the issue, the Prime Minister of Kazakhstan A. Mamin instructed state bodies in the prescribed manner to introduce a bill "On amendments to the Law of the Republic of Kazakhstan" on the Republican budget for 2019 – 2021" to the Parliament of Kazakhstan

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