25.04.2006, 17:50 2830

Budgetary codex amendments to avoid unjustified State expenditure increase - Masimov

Astana. April 25. Kazakhstan – Amendments and additions in the budgetary codex will prevent unjustified increase in the State expenditure, vice Premier Minister of Economics and Budgetary Planning Karim Masimov expressed such opinion today at the expanded session of Finance Ministry of Kazakhstan, the agency correspondent reports.

"To proceed to financing justified projects and avoid groundless increase in state expenditure, a number of amendments is to be introduced to the Budgetary codex that will be adopted in the near future," K. Masimov noted.

The amendments will concern improvement of budgetary process regarding "integration of strategic and intermediate term objectives of social and economic development of the country with the annual budget." "The mechanism will lie in formation of the register of the state functions and actions of the state branch and regional programs on the basis of which new functional expenditure classification will be developed,” he explained.

"The authorized bodies will be responsible for duly budgetary money provision," K. Masimov concluded.

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