16.10.2007, 14:26 2854

Kazakhstan government suggests reducing deficit of republican budget of 2007 by 41.4 bln KZT

The government of Kazakhstan suggests reducing deficit of the republican budget of 2007 to 41.4 bln KZT, the government's press service informed.

Astana. October 16. Kazakhstan Today - The government of Kazakhstan suggests reducing deficit of the republican budget of 2007 to 41.4 bln KZT, the government's press service informed.

According to the press service, the bill on amendments and additions to the Kazakhstan law on the republican budget for 2007 was considered and approved on Monday at the 18th session of the republican budgetary commission under the presidency of Prime Minister Karim Masimov.

"Due to specification of macroeconomic parameters and receipt of single payments scheduled plan of the revenue part of the budget are increased by 175 bln KZT and will make 2 273 bln KZT. The expenses increase by 133.7 bln KZT and will make 2 503 bln KZT. The deficit of the republican budget has been reduced by 41.4 bln KZT," the message of the government's press service widespread on Monday states.

"The bill was developed with the objective of realization of the measures on maintenance of stabilization of financial sector, actual sector of the economy and protection of social stability," the message states.

The bill will be submitted to consideration of the Parliament.

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