20.06.2006, 18:13 2489

Parliament approved 2006 budget amendments in the first reading

Astana. June 20. Kazakhstan Today - Today at the joint session of Parliament Houses deputies approved the bill "On amendments and additions to the law "On the republican budget for 2006" in the first reading, the agency reports.

35 Senate deputies and 60 Majilis deputies voted for this resolution.

As it was informed earlier, amendments are being introduced into the republican budget of 2006 in connection with transition to the new model of formation and use of the assets of the National fund since July 1, 2006.

According to the concept, all finances coming from the enterprises of raw sector will go to the National fund.

The amount of income in the republican budget of 2006 will total 1533.9 billion KZT (17.6 % of gross national product) or with growth in comparison with the voted budget totaling 42 billion KZT. Volume of expenditures will make 1660.1 billion KZT (19 % of gross national product), or with growth by 54.5 billion KZT. Budget deficit will be increased by 12.5 billion KZT and will total 126.2 billion KZT (1.4 % of gross national product).

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