At the Government meeting chaired by the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, Minister of Finance A. Smailov, as well as heads of a number of Ministries and Akims of the regions reported on the state budget execution for 11 months of 2018.

Reporting on the state budget for 11 months of this year, Minister of Finance A. Smailov reported that the plan for state budget revenues (excluding transfers) was exceeded by 102.6%. The budget received 7.38 trillion tenge. This is 232 billion tenge more than in 2017. The revenues of the National budget were executed at 102.1%, local budgets - 104%.

The Minister of Finance noted that as a result of carrying out measures for the utilization of budget funds, the pace of implementation has improved compared with 11 months of 2017. State budget expenditures were executed at 98%, the National budget — 98.6%, and local budgets — 98.2%.

According to the Ministry of Finance of the Republic of Kazakhstan, the National budget received 5.3 trillion tenge, which exceeds the annual plan for 2017. At the same time, annual plans for export customs duty on crude oil and mineral extraction taxes have already been exceeded by 109 billion tenge and 38 billion tenge.

The growth rate of revenues amounted to 120%, which is 873 billion tenge more than in the same period last year. This increase was formed mainly due to tax revenues.

“The tax increase was influenced, firstly, by an increase in the production of goods and services in certain sectors of the economy. Secondly, the rise in prices for major exports and the rise in the average price of oil and the US dollar exchange rate. Thirdly, the improvement of tax and customs administration,” – A. Smailov said, stressing that, given the monthly dynamics of income, including taxes, the net budget revenues are expected to be 103% complete by the end of the year.

Expenditures of the National budget for 11 months of this year amounted to 8.7 trillion tenge, or 98.6%. According to the results of the year, according to the Ministry of Finance, expenditure performance of the National budget is expected at the level of 99.6%.

|During the reporting period, the regions received targeted transfers in the amount of 698 billion tenge. At the local level, 668 billion tenge was utilized, or 95.6%. Non-fulfillment amounted to 30 billion tenge. Of these, 2 billion tenge – savings. Uncommitted funds – 28 billion tenge. This is 34 billion tenge less than for 11 months of last year,” – A. Smailov reported.

the a recent budget adjustment, targeted transfers were reduced by 8 billion tenge, 1.8 billion tenge were redistributed between regions. The Minister of Finance indicated that all the conditions had been created for the full utilization of the allocated funds by local executive bodies.

Reporting on the monitoring of the use of budget funds A. Smailov said that the issue is being constantly monitored. Over 11 months, 2887 audits were carried out. 1.5 trillion tenge of budget funds was covered. Financial irregularities in the amount of 155 billion tenge were determined. This is 60% lower than in the same period of 2017. Of these, 134 billion tenge was eliminated by performing work, providing services, supplying goods, reimbursing the budget and reflecting it in budget accounting. 2243 recommendations were sent to audited entities. Of these, 1395 were fulfilled.

In conclusion, A. Smailov noted that all administrators were recommended to approve preliminary plans for public procurement and start announcing relevant tenders for the 2019 budget. According to the latest data from the Ministry of Finance of the Republic of Kazakhstan, the public procurement portal announced purchases totaling 5 trillion tenge. Of these, through public tender – 3.4 trillion tenge.

“This work is monitored by the Ministry of Finance. According to the results for the reporting period, we can say that by the end of the year, the revenues of the National budget will be fulfilled at 103%, expenses – 99.6%,” – A. Smailov said, stating that the cash balance crossing over to the next fiscal year in the amount of about 200 billion tenge, will allow timely and continuously financing the expenditures of the new fiscal year.

During the meeting, reports on measures taken to ensure the full utilization of allocated funds in the regions were delivered by Akims of Mangystau regions – Y. Tugzhanov, Turkestan region — Zh. Tuimebayev, Kyzylorda region — K. Kusherbayev, Astana Akim — B. Sultanov, and First Deputy Akim of Almaty region — L. Turlashov, Deputy Akim of Karaganda region — S. Shaydarov. Reports on the ongoing work to fully apply allocated funds by the end of the year were delivered by Deputy Prime Minister - Minister of Agriculture U. Shukeyev, Ministers of Defence – N. Yermekbayev, Internal Affairs – K. Kassymov, Education and Science – Y. Sagadiyev, Culture and sport – A. Mukhamediuly.

www.primeminister.kz

Published: 11 December 2018

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