14.06.2006, 17:28 2699

Majilis debated amendments in republican budget law -2006

Astana. June 14. Kazakhstan Today - Today at the plenary session Majilis deputies debated the bill "On amendments and additions in Kazakhstan law "On Republican Budget for 2006," the agency reports.

Due to introduction in operation of the concept of National fund budget income will be reduced due to decrease in deductions from enterprises of oil sector totaling 171.7 billion KZT and other factors – by 0.5 billion KZT," Vice Premier Minister of Economics and Budgetary Planning Karim Masimov explained at the plenary Chamber session.

The profitable part will increase by 137.6 billion KZT due to rates of economy growth, increase in the world oil price, growth of oil recovery and other factors, K. Masimov explained. For covering losses of the budget from the National fund guaranteed transfer at the sum of 76.6 billion KZT will be transferred to the republican budget.

Deputies’ proposals requiring increase of the expenses part of the budget will be solved by the government within the framework of development of social and economic development plans for the intermediate term and during formation of the republican budget of 2007, Masimov said.

Found an error in the text?

Select the error and press Ctrl + Enter at the same time.

relevant news

Most viewed