December 13, 2019
In 11 months of 2019, net income of the republican budget in Kazakhstan made more than 6 trillion tenge, This was announced by the First Deputy Prime Minister of the Republic of Kazakhstan - Minister of Finance Alikhan Smailov at Government meeting.
"In 11 months, the state budget collected 8 trillion 514 billion tenge in revenues. The state budget revenues are 101.3% over the target, the republican budget by 100.3% and local budgets by 104.1 %. Net revenues of the republican budget amount to 6 trillion 219 billion tenge," Smailov stated.
He noted that, compared with the same period in 2018, state budget revenues had grown by 1 trillion 129 billion tenge, the republican - by 965 billion tenge and local budgets - by 165 billion tenge.
“The growth rate of income was chiefly provided by the following taxes: VAT on domestic goods, corporate income tax, as well as taxes on international trade and foreign operations. The increase in tax revenues, along with the improvement of tax and customs administration, is also affected by an increase in the production of goods and services in January-October 2019 compared with the same period last year in the following sectors of the economy: construction - 112.7%, trade - 107.5%, transport - 105.6%, communications - 104.5%, industry - 103.5%" Smailov added.
