21.06.2006, 10:12 2395

Parliament approved amendments to 2006 republican budget

Astana. June 21. Kazakhstan Today – On Tuesday, at the joint session of Parliament Houses deputies approved the bill On amendments and additions to the law On 2006 republican budget in the second reading, the agency reports.

33 Senate deputies and 62 Majilis deputies voted for this resolution.

As reported before, amendments are being introduced into 2006 republican budget 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 2006 republican budget will total 1533.9 billion KZT (17.6% GDP) or with growth in comparison with the voted budget totaling 42 billion KZT. Volume of expenditures will make 1660.1 billion KZT (19% GDP), 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 % GDP).

The law has been submitted the President’s signature.

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