Kazakhstan to support domestic carmakers in 2015

"75 billion tenge will be allotted from the republican budget in 2015 to finance domestic business entities, including 70 billion tenge for car manufacturers," Majilis deputy Aleksander Milyutin said at a press conference at the Central Communications Service on Monday. The MP added that the Government will forward 5 billion tenge to protect inner market within the framework of the "Nurly zhol - Path to the Future" program. The revised draft budget for 2015-2017 has been recently submitted to the Majilis, the lower chamber of the Kazakh Parliament. It is expected to be considered and adopted in the nearest future. The republican budget for upcoming years has been revised due to updated forecast of Kazakhstan's socioeconomic development for 2015-2019 and falling oil prices.