State budget revenues exceeded by 101.3% - Finance Minister
For 11 months in 2019, the state budget received more than 8 trillion tenge. The First Deputy Prime Minister – Minister of Finance Alikhan Smailov reported at the government session chaired by Prime Minister Askar Mamin, primeminister.kz reports.
"Following 11 months of 2019, the state budget revenues amounting to 8 trillion 514 billion tenge. State budget revenues exceeded by 101.3%, the republican — by 100.3% and the local budget by 104.1%. Net revenues of the republican budget amounted to 6 trillion 219 billion tenge,” the finance minister said.
It is worth noting that, compared to the same period of 2018, over the 11 months of the current year, state budget revenues increased by 115% or 1 trillion 129 billion tenge, republican rose by 118% or 965 billion tenge and local budgets by 107.7% or 165 billion tenge.
The growth rate of income was mainly provided by the following taxes: value added tax on goods of domestic production, corporate income tax and taxes on international trade and foreign operations.
The increase in tax revenues along with the improvement of tax and customs administration was also affected by an increase in the production of goods and services in January-October 2019 compared to the same period last year in the following sectors of the economy: construction — 112.7%, trade — 107.5%, transport — 105.6%, communications — 104.5%, industry — 103.5%.
Local budget revenues have exceeded in almost all regions except the city of Nur-Sultan and Mangystau region.
At the same time, according to the Ministry of Finance, the state budget expenditures were fulfilled by 98.3%, the republican budget by 99.4%, and local budgets by 97.4%.
In the reporting period the state budget expenditures incurred in the amount of 12 trillion 352 billion tenge. Republican budget expenditures disbursed to 10 trillion 594 billion tenge, and 69 billion tenge remained unutilized. Of these, savings amounted to 19 billion tenge. Not mastered — 50 billion tenge.
"During the period local budgets allocated target transfers amounting to 1 trillion 521 billion tenge. They have been mastered by 1 trillion 455 billion tenge or 95.6%. Not fulfilled 66 billion tenge, with savings of 12 billion tenge. Not mastered 54 billion tenge. This is 26 billion tenge more than in 11 months of last year. These funds are not disbursed due to the lag from the schedule of works, services and supply of goods which are not contracting, lengthy tender procedures," he said.
As of December 1, 2019, funds allocated for activities under the Nurly Zhol state program have been spent for 477 billion tenge. This represents 98.2% of the plan payments reporting period and 86.6% of the annual plan. Target transfers and loans in the amount of 163 billion tenge were allocated to the regions. 159 billion tenge or 97.1% of the allocated funds were disbursed.
During the first 11 months of 2019, 3,311 of audits covered 783 billion tenge of budgetary funds. As a result, financial violations amounting to 212 billion tenge were identified. Violations in the amount of 192 billion tenge were eliminated through the delivery of goods, the provision of services and the performance of work, reimbursement to the budget and reflection on accounting.
“2,944 recommendations were sent to the audit objects. Of these, 2,124 were executed. During the reporting period, cameral control covered 1 billion 428 public procurement procedures for a total of 9 trillion 160 billion tenge. To eliminate violations of the legislation on public procurement for a total of 717 billion tenge," he said.Image credit: primeminister.kz
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