President signs Decree on approved rules of budget planning

The Decree has been made as per the clause 3 of the article 64 of Kazakhstan's Budget Code as of December 4 2008. The approved rules determine the phases, deadlines and activities while generating the republican budget.The phases are preparation of budget data and socioeconomic development prognosis and approval of the Government; elaboration of strategic plans of central state bodies and consideration of budget requests by the Republican Budget Commission; elaboration of the draft law on republican budget.  

The budget planning will be based on the prognosis of social and economic development and budget parameters approved by the Government. This prognosis includes the calculations of state and republican budgets, the National Fund's and consolidated budgets, and estimates the expenses on republican budget programs and the draft plans of government bodies.  Therefore the Decree will allow setting up the republican budget based on the Code standards.