ID :
32468
Wed, 11/26/2008 - 13:13
Auther :

Discussion of republic budget in Parliament

Astana, 26 November 2008 (Khabar) - Today the deputies of the Senate have been presented with a three year budget. Deputies of the Parliament’s upper chamber approved the amendments and returned the draft to Mazhilis for further consideration. However, one of the main novelties of the bill is the reconsideration of the forecasted price for oil on the world market. The conservative forecast which consisted of 40 US dollars per barrel was taken as a basis for 2009 and 50 US dollars over the following years. The primary edition of the bill foresees that the price will be 60 US dollars per barrel. It is planned that the total amount of expenses will consist of 3 trillion 432 billion tenge and income for the corrected budget in 2009 was cut by 301 billion tenge. This reduction will not touch social programmes.

Bakhyt Sultanov, Minister for Economy and Budget Planning of RK:
- Also the budget code will include a special article which describes the performance of state guarantees for receivers of pension payments. The saving of pension taxes in pension funds amounted to real liabilities within the pensions, taking into account the inflation level at the moment of the levying of taxes on pensions.

Discussing the projects, deputies have made the correction 191 that is concerned with the increase of SMEs support, the employees of government-financed organizations salary, the construction of social housing and reconstruction of healthcare and education units.
The secretary of the committee on finances and budget Zhakai Nurgaliyev noted that the project of the three year budget code was developed according to the new system and the realization of budget programmes will depend on future results. This will provide the legality for the programme’s performance and increase the responsibility of executive bodies.

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