Following the results of two months of this year, the state budget was executed with surplus. This is mainly due to the implementation exaggerated plan of the local budget. In general, revenue at all levels was exceeded. This was stated by the Minister of Finance Bakhyt Sultanov.

As stated by him, the percentage of using expense is higher than in the same period last year.

"The state budget revenues were 9,9% higher than the reporting period, among them state revenues by 2,4%, local budgets by 32,2%. The republican budget received 930 billion tenge revenue, which exceeded the plan by 21,5 billion tenge, and 60 billion tenge higher than in the two months of last year. Growth rate compared to two months of the previous year was 6,9 percent", - noted Sultanov at the meeting of the government.

As stated by the Minister, as a result of reduction of revenue from a number of large taxpayers, the corporate income tax was executed only by 84%, and the budget did not receive 46 billion tenge. Local budgets exceeded their revenues by 99 billion tenge and amounted to 408 billion tenge.

State budget expenditures executed by 91,1%, republican budget by 91,6%, local budgets by 94, 6%. Republican budget expenditures made up 1 trillion 519 billion tenge.

Translated by Nazerke Syundyukova

“The Qazaq Times”