Kazakhstan to reduce the budget deficit from 2.1% in 2013 to 1.5% in 2015
In order to maintain public debt at a moderate level it is planned to decrease the deficit relative to GDP from 2.1% in 2013 to 1.5% in 2015.
Astana. August 28. Kazakhstan Today - Kazakhstan will reduce the budget deficit from 2.1% in 2013 to 1.5% in 2015, Kazakhstan Today reports.
"In order to maintain public debt at a moderate level it is planned to decrease the deficit relative to GDP from 2.1% in 2013 to 1.5% in 2015," the Minister of Economic Development and Trade Bakhytzhan Sagintayev said today during a meeting of the government.
He noted that the total revenues to the national budget is projected to increase from 5 415.1 billion tenge in 2013 to 6 388 200 000 000 tenge in 2015.
"We will continue the policy of accumulation of financial resources in the National Fund by limiting the use of the fund in the amount of the guaranteed transfer. This will help to reduce the non-oil deficit to 3.9% in 2015, and the accumulation of financial resources in the National Fund," the Minister said.
He noted that in view of projected income and projected deficit reduction the national budget expenses are identified in the volume of 6, 2 trillion tenge in 2013, 6.5 trillion tenge in 2014 and 7.1 trillion tenge in 2015.
"From the perspective of the President's tasks set in his Address, the main priorities of budget expenditures for 2013 - 2015 years will be: increasing employment, improving living conditions and the provision of affordable housing, quality improvement of human capital, regional development, industrial and innovative development, support business development, strengthening national defense, national security, law enforcement and preventive measures and emergency response," the Minister listed.
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Images | primeminister.kz
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