Kazakh Senate OKs amendments to 2012-2014 republican budget
ASTANA. November 8. KAZINFORM A plenary session of the Kazakh Senate adopted the law "On amendments to the law of the Republic of Kazakhstan "On the republican budget for 2012-2014" on Thursday.
According to Minister of Economic Development and Trade Yerbolat Dossayev, the draft law was developed in order to specify the republican budget for 2012. The budget is being specified due to a change in the national measure forecast for 2012-2016.
Revenues of the republican budget for 2012 have been estimated at 4 trillion 854 billion tenge with a decrease for 382.8 billion tenge. Expenses for 2012 are to amount to 5 trillion 837 billion tenge with a decrease for 179.5 billion tenge. Budget deficit will account for 983 billion tenge or 3.1 per cent of GDP.