Majilis approves amendments to budget legislation
15:31, 21 May 2014
ASTANA. KAZINFORM - Majilis of Kazakhstan has approved the second reading of the draft law of the Republic of Kazakhstan "On amendments and additions to some legislative acts of Kazakhstan on improvement of the budgetary legislation".
According to the Committee on Finance and Budget, the draft law has been designed to implement the President's instructions given at the enlarged meeting of Government on October 11, 2013, as well as at the meeting on regional development which was held November 28, 2012, and aimed at further introduction of the Concept of the new fiscal policy approved by Presidential Decree as of June 26, 2013. The bill is aimed at improving the efficiency of the allocation and use of budgetary funds including budgetary credits, independence and responsibility of managers of budgetary programs in budget execution. More than 150 proposals have been received by the working group.