02.04.2010, 12:12 2529

President signed amendments to legislation concerning modernization of budgetary process

The President of Kazakhstan, Nursultan Nazarbayev, signed the amendments to the legislation concerning modernization of the budgetary process, the agency reports citing the president's press service.

Astana. April 2. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, signed the amendments to the legislation concerning modernization of the budgetary process, the agency reports citing the president's press service.

According to the press service, the head of state signed the law of Kazakhstan on the amendments and additions to some acts of Kazakhstan concerning modernization of the budgetary process, directed at further introduction of the results-based planning system.

As informed earlier, the conclusion of the Committee of the Senate of Parliament of Kazakhstan for Finance and Budget, the law has been created to further modernize the results-based budgetary planning system, bringing the system in conformity with the state planning system in Kazakhstan, and maintenance of integrity of the financial control system at the republican and local levels.

The law introduces amendments and additions to the Budgetary and Tax Codes and in six laws of Kazakhstan.

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