Secretary of the Treasury, Yerulan Zhamaubayev (Yerulan Zhamaubayev) proposed a draft law to clarify the Republican Party’s budget
The correspondent of the Kapital.kz Business Information Center at the plenary meeting of the Minister of Finance, Minister of Finance Yerulan Zhamaubayev (Yerulan Zhamaubayev) proposed a draft law to clarify the 2021 Republican budget.
“The following changes have been made to the parameters of the Republican Party’s 2021 budget. The Republican Party’s budget revenue increased by 1.1 trillion tenge to 12.6 trillion tenge. The budget deficit is expected to account for 3.5% of GDP, an increase of 149 billion tenge. He said, The total expenditure of the Republican budget has increased by 1.3 trillion tenge, and now it is 15.3 trillion tenge.
The draft clarification stipulates the allocation of funds in several areas. The first is the implementation of the Nur Otan election platform of 884 billion tenge. The money will be used for road construction and reconstruction under the “Auyl-El besigi” project, the development of agro-industrial complex, the improvement of residents’ living conditions, the provision of clean drinking water and the modernization of the village. .
“Second. Funding for anti-epidemiological measures to combat coronavirus infection-up to 265 billion tenge. Third. Implementation of the orders of the head of state and previous commitments. As a result of the budget revision, it retains its social positioning, and Strengthened support for the real economy and regional departments. The budget expenditure structure in various fields proves this. Therefore, the largest part of its 723 billion tenge is designed to support the real economy. In the medium term, this will have a bearing on the country’s development. Multiplier effect. As a result, the total planned expenditure in the region is 2.4 trillion tenge, which accounts for almost 16% of the total expenditure.
The social area of the budget increased by 374 billion tenge to 7.5 trillion tenge, accounting for 48.7% of total expenditure. The security agency’s expenditure plan is 1.6 trillion tenge, an increase of 211 billion tenge. National expenditure decreased by 80 billion tenge to 3.3 trillion tenge. The reduction in budget spending is due to the redistribution of the president’s planned reserves.
“It should be noted that a large part of the additional costs will be transferred to the regions through targeted transfers. The Minister explained that overall, this is 559 billion tenge, of which 335 billion tenge is for development transfers.
In the revised 2021 budget, the U.S. dollar exchange rate is 425 tenge
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