Parliament approved amendment to republican budget of 2007
The Senate deputies passed the law on amendments and additions to the law on the Republican Budget for 2007 at the plenary session.
Astana. October 19. Kazakhstan Today - The Senate deputies passed the law on amendments and additions to the law on the Republican Budget for 2007 at the plenary session.
Earlier, Majilis deputies had approved the law.
As it was informed earlier, the following amendments have been introduced to the Republican budget of 2007. The income is stipulated at the level of 2 trillion 273.3 billion KZT (17.1 % to GDP), expenses - 2 trillion 503 billion KZT (18.8 % to GDP), deficit at the level of 229. 6 billion KZT (1.7 % to GDP).
According to the information of the Ministry of Economics and Budgetary Planning, following the results of 9 months of 2007 overfullfilment of income to the budget by 7.7 % from the plan for this period, therefore, the income part of the budget is specified by 175.1 bln KZT. Tax revenues increase by 89 bln KZT due to growth of economy by 14.7 bln KZT and foreign trade turnover by 32.4 bln KZT, as well as single income by subscription bonus by 32.5 bln KZT and other factors by 9.3 bln KZT. Non-tax income increase by 80.8 billion KZT, including due to collection for legalization of property and other single receipts at the sum of 73.3 billion KZT.
The budget deficit has been reduced to 41.5 % bln KZT.
The forecast of the nominal size of GDP for 2007 has been raised by amendments by 851 bln KZT in comparison with the previous plan. As a result, the nominal size of GDP is forecasted at the level of 13.315 trillion KZT.
The law has been forwarded to the leader of the state.
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