Astana. October 25. Kazakhstan Today – Draft law “On republican budget for 2014-2016” was presented in the Senate, Kazakhstan Today reports.
“Today in the Senate of the Parliament of the Republic of Kazakhstan with the participation of Deputy Speaker of the House, Kairat Ischanov, the presentation of draft laws “On republican budget for 2014-2016 ” ,” On guaranteed transfer from the National Fund for 2014-2016 ” ,” On the volume of transfers of general nature between the republican and oblast budgets , budgets of the city of republican status, capital for 2014-2016 “, and “on amendments to some legislative acts of the Republic of Kazakhstan on the improvement of the budgetary legislation,””On Amendments and to some legislative acts of the Republic of Kazakhstan on issues of taxation,” the press service of the Senate said.
On the priority areas of socio – economic policy and the basic parameters of the three-year budget, the Minister of Economy and Budget Planning, Erbolat Dosaev spoke in public. The Minister answered questions from deputies on the three-year spending budget sent to strengthen education and health care, improving the quality of life of the population, the state program on affordable housing, regional development, industrialization of the economy, restoration of agriculture.
On the basis of the baseline scenario of macroeconomic development of the country following parameters of the national budget are scheduled: income in 2014 – 5.6851 bn tenge, in 2015 – 6133.9, 2016 – 6.8226 bn tenge, expenses in 2014 – 6703.1 bn in 2015 – 7207.2, 2016 – 7836.9bn tenge.
Discussion of the draft law “On republican budget for 2014-2016” will continue at the meetings of the working groups and committees of the Senate.
In addition, according to the press service information, guaranteed transfer from the National Fund to the state budget in the years 2014-2016 was determined in the amount of 1.38 bn tenge annually.
In addition, according to the Concept of the new fiscal policy of the Republic of Kazakhstan to strengthen the saving function, the amount of minimum balance of funds in the National Fund will be increased from 20 % to 30 % of GDP.
The draft law on the volume of transfers between the general national and regional budgets , budgets of cities and the capital of a three-year period from 2014 to 2016 established the following amounts: budget withdrawals transmitted from regional budgets and the budgets of the city and the capital to the national budget, 2014 – 132.0 billion tenge, in 2015 – 168.5 billion tenge in 2016 , 213.9 billion tenge; budget subventions transferred from the state budget to regional budgets, the capital budget for 2014 – 978.1 bn, in 2015 – 904.4 billion tenge, in 2016 – 836.9 billion tenge.
During the event, E. Dosaev presented a bill on amendments to some legislative acts of the Republic of Kazakhstan on the improvement of the budgetary legislation. The bill, in particular, introduced limits on expenditures of administrators of budget programs, as well as the minimum amount of funding by local authorities of some socially relevant areas and activities from the local budget. The responsibility of managers of budgetary programs for unreasonable planning and failure to reach performance indicators for the use of budgetary funds and quasi-public sector entities for failure to achieve the results of public investment, the press service informs.
The draft law on amendments to the legislation on taxation to increase the economic impact of the tax system contains provisions to increase tax rates on personal property, land, vehicles.
In order to discourage people to consume socially harmful goods on provides for a gradual increase in excise taxes on strong alcohol and tobacco products.
However, the bill provides for a large set of questions aimed at improving tax administration in the press service informed.
Source: Kazakhstan Today
