Government approves 2011-2013 budget refinements

Introducing the bill at the Government's session, Minister of Finance Bolat Zhamishev noted that the change of a forecast of macroeconomic indicators for 2011-2015 constituted the ground for refinement of parameters of the national budget for 2011.

The national budget revenues for 2011 were determined in the volume of KZT 4.249 trln increasing by KZT 207.9 bln against the current budget. The national budget income rose due to growth of economic development rate by KZT 74.7 bln, increase in foreign trade turnover and positive influence of the mechanism of transfer and distribution of import customs duties within the Customs Union - by KZT 85.5 bln, changes in world prices for mineral raw materials - by KZT 33.8 bln, reduction of VAT return amount - by KZT 15.87 bln, specification of grants attracted by the central state bodies - by KZT 0.6 bln.

The funds foreseen for implementation of the Business Road Map-2020 program for training of specialists to the tune of KZT 10.9 bln are redistributed and fueled into a new employment program till 2020.