17.10.2007, 17:55 2690

Majilis approved bill on amendments and additions to law on Republican budget for 2007

At the plenary session the Majilis deputies approved the bill on amendments and additions to the law on the Republican budget for 2007.

Astana. October 17. Kazakhstan Today - At the plenary session the Majilis deputies approved the bill on amendments and additions to the law on the Republican budget for 2007.

The republican budget for 2007 was approved as follows: the income part - 2 trillion 098.2 billion KZT, general expenses - 2 trillion 369.4 billion KZT. The deficit of the budget has been approved at the rate of 271.2 billion KZT, or 2.2 % to the predicted volume of GDP for 2007.

On Tuesday, October 16, during the government session, the Prime Minister signed the amendments to the republican budget of 2007 with the following parameters. Income has been expected to be at the level of 2 trillion 273.3 billion KZT (17.1 % to GDP), expenses - 2 trillion 503 billion KZT (18.8 % to GDP), budget deficit at the level of 229. 6 billion KZT (1.7 % to GDP).

The forecast of the nominal size of GDP for 2007 has been increased by the project of amendments by 851 billion KZT in comparison with the previous plan. As a result, nominal size of GDP is predicted to be at the level of 13.315 trillion KZT.

The budget deficit has been reduced to 41.5 % billion KZT.

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