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Parliament adopted republican budget for 2008

Astana. November 16. Kazakhstan Today - Majilis deputies agreed with the amendments of the Senate to the bill on the republican budget for 2008 at the plenary session on Tuesday. Thus, the law is considered to be adopted by the Parliament and is forwarded to the leader of the state for his signature. As it was informed earlier, the Senate deputies proposed to increase the accounting part of the republican budget by 25 909 million KZT, including due to increase of the budget deficit by 0.1 %. According to the resolution of Majilis Finance and Budget Committee, "after amendments and additions introduced by the Senate, volume of income to the republican budget will make 2 694 732.3 million KZT, expenditures - 2 905 236.2 million KZT, deficit - 210 503.9 million KZT, or 1.4 % to GDP." As it was informed in the initial variant presented to the Parliament by the government, parameters of the budget proposed to be approved are the following: according to the law, volume of income to the republican budget in 2008 will make 2 trillion 692.1 billion KZT (17.7 % to GDP forecasted for 2008), expenditures - 2 trillion 889.7 billion KZT (18.9 % to GDP). The budget deficit - 197.6 billion KZT (1.3 % to GDP).

Resourse: Kazakhstan Today

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