Deputy Minister of Finance Yerzhan Birzhanov at the Government session presented the results of the financial year for 11 months of 2024. State budget revenues totalled 19 trillion tenge, which is 90% of the plan. The republican treasury received 11.8 trillion tenge, or 82% of the planned, primeminister.kz reports.
According to the Deputy Minister, the main non-fulfilment is due to a decrease in tax revenues, which amounted to 76% of the plan.
The main reasons for non-fulfilment of the plan are due to a decrease in the volume of imports from third countries for 10 months compared to the same period last year by 6.5%, or less by $2.3 billion; lower prices for major export metals, which in turn affected the reduction of advance payments on 602 major taxpayers by 267 billion tenge. The increase in VAT refunds totalled 981 billion tenge, up 2.5 times year-on-year. Nevertheless, non-performance on taxes is compensated by an increase in non-tax payments by 1 trillion tenge," Yerzhan Birzhanov emphasised.
As for local budgets, their own revenues were fulfilled by 108% and totalled 7.2 trillion tenge. The plan was exceeded by 525 billion tenge. Compared to the same period last year, revenues increased by 26.5%, or 1.5 trillion tenge.
In terms of budget expenditures: the state budget was executed by 94% of the planned, the republican budget - 96%, local budgets - 92%. The republican budget expenditures amounted to 20.8 trillion tenge, the priority of which remains the preservation of social orientation.
The state fulfilled the main social obligations:
- pensions and benefits - 5.2 trillion tenge;
- subventions to regions - KZT 4.8 trln;
- targeted contribution of the Compulsory Medical Insurance Fund - KZT 1.6 trln.
Local budget expenditures totalled KZT13 trln:
- on social sphere - 6.6 trillion tenge (51 per cent);
- housing and utilities - KZT 1.9 trln (14.6 per cent);
- transport and communications - KZT 1.2 trln (9.3%);
- agriculture - KZT 750bn (5.7%).
One of the important components of budget execution is the process of public procurement. Their volume in 2024 amounted to 8.8 trillion tenge, while 840 billion tenge was saved by optimising budget funds.
In addition, 1,460 audit activities were carried out for the amount of 6.9 trillion tenge of budgetary funds. Financial irregularities amounting to about 271 billion tenge were identified and violations were eliminated for 221 billion tenge.
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