Minister of National Economy Ruslan Dalenov announced the forecast volume of the national budget expenditures for the oncoming 3 years.
We forecast that the volume of the national budget expenditures in 2020 will be 12.7trn tenge, in 2021 – 13.2trn tenge and in 2022 – 13.6trn tenge," Ruslan Dalenov said.
The Minister also announced budget deficit forecast.
In his words, budget deficit in 2020 is predicted at 2.1% against GDP with further reduction to 1.5% in 2021 and to 1% in 2022.
Non-oil deficit will fall in 2020 to 7% against GDP (8.5% in 2019) with further reduction to 5.1% in 2022.
As for economic development in 7 months of 2018, GDP growth made 4.2%, and inflation was at 5.4%," he added.
Source: Kazinform News Agency
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