15.11.2007, 18:37 2609

Senate returned amendments to Budgetary Code to Majilis

The senators at the plenary session have considered in the second reading and directed to Majilis the amendments to the bill on additions and amendments to the Budgetary Code, the agency reports.

Astana. November 15. Kazakhstan Today - The senators at the plenary session have considered in the second reading and directed to Majilis the amendments to the bill on additions and amendments to the Budgetary Code, the agency reports.

As it was already informed, the amendments are directed at bringing the Budgetary Code in conformity with the norms of the Constitution, operative response in case of occurrence of financial instability and creation of conditions for introduction of the new system of the state planning focused on achievement of results of pilot state bodies.

According to the amendments, total amount of the reserve of the government makes no more than 10 % off the volume of receipts of the budget (according to the current legislation - no more than 2 %).

The introduced amendments define types of activity of the organizations of oil sector enterprises with a view of defining of payers to the National fund.

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