President of Kazakhstan instructed Ministry of Finance to reduce state spending
During the meeting, the Head of State was provided with information on the implementation of the goals set for the financial and fiscal system of the country in the Address "Third Modernization of Kazakhstan: Global Competitiveness".
N. Nazarbayev, noting the importance of increasing the level of economic development of the country, focused on the fulfillment of three main tasks.
"Firstly, it is necessary to increase revenues to the budget through the development of appropriate mechanisms. If necessary, foreign experience should be studied. Secondly, you need to reduce state spending. Thirdly, it is necessary to use the allocated budget effectively. For the state, the effectiveness of the Minister of Finance directly depends on how he performs these functions", the President of Kazakhstan said.
The Head of State stressed that in the conditions of economic recession and reduction of incomes, the Ministry of Finance needs to work out additional mechanisms for replenishing the budget and ensure safe parameters of the state debt.
"The growth in the economy is mainly provided by the National Fund. Many organizations are only waiting for them to allocate funds for further development. The Ministry of Finance should limit and control this process. We need to increase our National Fund", Nursultan Nazarbayev instructed.
B. Sultanov also reported to the Head of State on measures being taken by the Ministry to preserve financial stability, meet social obligations, reduce inspections and reduce the burden on the business sector, improve the system of public procurement, and introduce preventive measures into the system of the state audit.
Photo from akorda.kz
Nursultan Nazarbayev presented on Assembly of People of Kazakhstan’s current activity
18 November 2019, 18:24
Askar Mamin chaired sitting of Council for improving investment climate
18 November 2019, 18:04
UN Convention on Rights of Persons with Disabilities discussed at round table in Nur-Sultan
18 November 2019, 16:33
Kazakhstan, Uzbekistan sign a roadmap to promote agricultural cooperation
18 November 2019, 15:25
Over 1 mln ethnic Kazakhs returned to Kazakhstan since 1991
18 November 2019, 14:55
Kazakh PM instructed to implement housing construction target for this year
18 November 2019, 12:28
Cairo held presentation of anthologies of modern Kazakh literature in Arabic
18 November 2019, 12:14
Uzbekistan vies to adopt experience from Kazakh Ministry of Agriculture’s IT projects
18 November 2019, 10:40
Central Asian Foreign Ministers gathered in Tashkent to discuss coop
18 November 2019, 09:44
Dariga Nazarbayeva toured the Centre of Pediatric Oncology and Hematology of Armenia
15 November 2019, 17:23
Head of State Kassym-Jomart Tokayev receives ADB President Takehiko Nakao
15 November 2019, 17:13
Kazakh-Russian consular consultations held in Moscow
15 November 2019, 16:49
Regional Summit on financing for SDGs kicks off in Kazakhstan
15 November 2019, 16:02
Kazakh PM Askar Mamin meets with President of ADB Takehiko Nakao
15 November 2019, 14:49
Kazakhstan, Italy seek to boost cooperation
15 November 2019, 13:02