The budget of Kazakhstan was enriched by $10 billion

PHOTO : MIR / Alan Kaziev


The budget of Kazakhstan was enriched by almost $ 10 billion, said Finance Minister Alikhan Smailov.

According to the Ministry, the plan for revenues to the state Treasury exceeded by 105%. This result was achieved due to the increase in production volumes in several sectors, as well as through taxes.

“Meanwhile, the plan is not executed at the corporate income tax and value added tax on imports by 17 billion and 38 billion tenge, respectively. Reasons are mainly the reduced yield of the second tier banks”, – said Alikhan Smailov.

Also, according to the Finance Ministry, managed to surpass the plan of profits of local budgets.