Kazakhstan's state budget revenues decrease in 2018

Business Materials 18 February 2019 17:15 (UTC +04:00)

Baku, Azerbaijan, Feb. 18

By Rashid Shirinov – Trend:

Revenues of the state budget of Kazakhstan decreased by 6.6 percent year-on-year and amounted to 10.8 trillion tenge in 2018, Trend reports via Kazakh media.

The main reason for the decline in state budget revenues was the decline in transfers from the national budget by 41.1 percent for the year, to 2.6 trillion tenge.

The revenue plan was exceeded at all levels of the budget: consolidated budget by 2.6 percent; national fund by 2.3 percent; republican budget by 2.3 percent; and local budgets by 2.8 percent.

Tax revenues accounted for the largest share in the structure of state budget revenues: 73 percent or 7.9 trillion tenge.

Domestic taxes on goods, works and services accounted for the main share of tax revenues: 36.7 percent or 2.9 trillion tenge. Income tax made up 32 percent or 2.5 trillion tenge, while taxes on international trade and foreign operations accounted for 18 percent or 1.4 trillion tenge of total tax revenues.


Follow the author on Twitter: @ShirinovRashid