Taxes are main source of Kazakhstan state budget income

Business Materials 20 May 2019 16:30 (UTC +04:00)

Baku, Azerbaijan, May 20

By Nargiz Sadikhova - Trend:

In 1Q2019, the volume of Kazakhstan state budget revenue amounted to 2.9 trillion tenge, which is an annual increase of 10.3 percent, Trend reports citing Finprom.

In the last couple of years, the largest increase by 25.3 percent was observed in 2017.

In the structure of the state budget revenues, the major part accounts for the tax revenue, which comprises 70.6 percent compared to 67.3 percent of last year.

It is closely followed by transfers revenues: 790 billion tenge, which is a decrease of 0.6 percent. The transfers revenues account for 27 percent of the total volume of state budget income.

Non-tax revenue and revenue from fixed capital sale amounted to 46.5 billion and 23.7 billion tenge respectively. The percentage of these two types taken together amounted to 2.4 percent.

During three months of the current year, the state budget received revenues worth 2.1 trillion tenge, which is 15.7 percent more than in the same period of the previous year (1.8 trillion tenge).

Furthermore, the state budget tax revenue plan for 1Q2019 is executed by 104.5 percent. The tax revenue plan for the republic budget is executed by 101.3 percent, and for the local budgets by 114.7 percent.

Overall, the state budget gained some 2.067 billion tenge instead of planned 1.979 billion tenge.

The plan on additional tax and customs payments revenues into the budget is executed by 121.3 percent due to the tax and customs administration.

(1USD = 378.93 tenge on May 20)


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