Majilis approved amendments to Republican budget of 2008

Astana. May 28. Kazakhstan Today - Today at the plenary session Majilis deputies approved amendments to the Republican budget of 2008, the agency reports.

As it was informed earlier, the bill on amendments and additions to the Republican budget for 2008 was introduced into the Parliament on May 16 by the order of the Prime Minister of Kazakhstan Karim Masimov.

According to the Minister of Economy and Budgetary Planning Bakhyt Sultanov, receipt to the Republican budget this year will make 2729.7 billion KZT with growth as compared to the ratified budget by 29.9 billion KZT.

Receipt of taxes from oil sector to the National fund as compared to the previous forecasts will be increased by more than 400 billion KZT and, following the results of the year, total volume of its assets will made 4 trillion KZT ($32.8 billion).

According to the Minister of Economics, "decrease of the approved forecasts of profit of the budget from non-oil sector by 260.2 billion KZT will be compensated by receipts of the introduced export customs duty on oil and neftebitum by 159.9 billion KZT and attracting of additional volume of guaranteed transfer from the National Fund for 120 billion KZT."

According to B. Sultanov, the expenditures of the Republican budget are expected to be at volume of 3064.1 billion KZT, or with growth as compared to the ratified budget for 153.1 billion KZT.

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