Kazakh Senate OKs republican budget for 2015-2017

Minister of National Economy Yerbolat Dossayev introduced the bill "On republican budget for 2015-2017" to members of the Parliament. According to Minister Dossayev, the bill was amended taking into account forecast of the social and economic development for 2015-2019 and instructions of the Head of State given in the State-of-the-Nation Address "Nurly zhol - Path to the Future". "The new republican budget also takes into account the attraction of the guaranteed transfer from the Nation Fund amounting to 707,5 billion tenge in 2015 and 372,5 billion tenge in 2016," he added. According to the minister, republican budget expenditures will total 7,855 trillion tenge in 2015, 8,42 trillion - in 2016 and 7,943 trillion - in 2017 not taking into account additional $3 billion allotted from the National Fund for further implementation of the new economy policy "Nurly zhol.

Earlier it was forecasted that republican budget expenditures will amount to 7,306 trillion in 2015, 7,796 trillion - in 2016 and 8,99 trillion - in 2017.