Taxes are main source of Kazakhstan state budget income

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)

---

Follow the author on twitter: @nargiz_sadikh

Subscribe to Trend in Google News! Subscribe
Georgia’s wine export volume reaches historical maximum
Georgia’s wine export volume reaches historical maximum
Georgian gov't allows Covid-19 booster five months after last shot
Georgian gov't allows Covid-19 booster five months after last shot
Georgia shares data on most exported goods to Azerbaijan
Georgia shares data on most exported goods to Azerbaijan
Loading Bars
Latest
Kazakhstan begins construction of new ferroalloy plant in Ekibastuz
Cargo movements in Iran's Fereidoonkenar port down
Iran sees increase in exports via customs of West Azerbaijan Province
SOCAR among main suppliers of motor gasoline produced by ORLEN to Ukraine
First meeting of cooperation platform in 3+3 format to be held in Moscow
Azerbaijan plans to begin formation of legal framework for open banking in 2022 (PHOTO)
Kazakhstan’s oil and gas company opens tender for equipment repair
Azerbaijani, French ambassadors discuss results of Sochi meeting in Russia
U.S.-Israeli firm Tipalti raises $270 mln at more than $8 bln valuation
Uzbekistan shares domestic COVID-19 data for December 8
Georgia’s wine export volume reaches historical maximum
Iranian currency rates for Dec. 9
Armenian provocation near border results in death of Azerbaijani soldier
Iran reaches new record in daily gas transportation
Oil stays on the rebound as Omicron fears ease
Russia’s Astrakhan developing transportation of goods along North-South int’l transport corridor - governor
6.0-magnitude quake strikes Japan's Kagoshima Prefecture
Japan's COVID-19 cases defy Asia rebound, yet fears remain for winter wave
Steps being taken to build new bridge over Astarachay between Azerbaijan and Iran – ambassador
Kazakh economic growth accelerates to 3.8%
U.S. envoy to return to Vienna over weekend for Iran talks
UK, Canada join diplomatic boycott of Beijing Winter Games
Russia plans to deliver another batch of S-400 systems to Turkey - Kremlin spokesman
Burkina Faso president fires PM amid security crisis
Pres. Raisi: Iran-Turkey cooperation to enter new phase
Seven U.N. peacekeepers killed in central Mali explosion
Bayern Munich 3-0 Barcelona: Xavi's side crash out of Champions League
Erdogan praises new economy model, calls for trust in policies
Olaf Scholz elected new German chancellor
Georgian gov't allows Covid-19 booster five months after last shot
Turkey’s COVID-19 numbers decrease despite winter worries
Georgia shares data on most exported goods to Azerbaijan
Iran RIPI among 25 leading patent holders in oil, gas nanotech
Johnson imposes COVID-19 'Plan B' in England to contain Omicron
Azerbaijan-Iran to take steps to increase trade turnover – Iranian ambassador
Pfizer, BioNTech vaccine neutralises Omicron with three shots
Azerbaijan proposes new version of budget rule – minister
Azerbaijan working to prepare Budget Code
Iran is ready to start co-op with Azerbaijan, Russia in synchronization of power grids - minister
Azerbaijan appoints new president of Wrestling Federation
EIB, EBRD assess financing opportunities for Georgian business
Central Bank of Azerbaijan puts into circulation new 20 qepik coin
Turkmenistan launches production of Shir deri branded shoes
Uzbek Statistics Committee publishes leading regions in terms of food production
Georgia seeks funding for underground gas reservoir construction
Uzbek Commodity Exchange announces its weekly quotes of commodities for export
Tactical-Special Exercises held in Azerbaijani Nakhchivan (PHOTO/VIDEO)
Iran and Syria to launch a joint mercantile exchange
Central Bank of Azerbaijan to put into circulation new 20 manat banknote soon (PHOTO)
Iran discloses amount of money provided for purchase of agricultural machinery
Russia’s Astrakhan Business Center in Baku to attract businessmen, humanitarian reps - governor
Oil prices expected to strengthen again in 2023
Iran`s Khodro, Saipa automakers receive green light to raise prices on cars
Azerbaijan shares predictions on GDP growth rates for 2022-2026
Iran's Bahar Azadi gold coin prices dip
Indian Oil Corporation renews deal to buy up to 2 MT of oil from Russia's Rosneft
Azerbaijan boosts chemical exports for 10M2021
Foreign Secretary, Bangladesh Foreign Minister discuss COVID-19 cooperation
Number of passenger planes received by Iran’s Gorgan International Airport up
Baku State University opens tender for security services
Indian DRDO carries out successful test firing of surface-to-air missile
Turkey ready to mediate to reduce tension between Russia, Ukraine – President Erdogan
Kazakhstan shares forecast on oil production volume by 2030
Iran produces 5 million doses of domestic Noora COVID-19 vaccine
Bahrain parliament approves value-added tax increase to 10%
Challenge for OPEC+ beyond 2022 may shift towards managing upside risks
Israel budget deficit falls to 4.6% of GDP yr/yr in November
Gas withdrawal from European UGS 19% above average in December — Gazprom
India develops AESA radar to make IAF fighters more lethal
Iran`s National Development Fund voices readiness to back mega projects
Iran's trade with China declining
Iran seeks to boost trade with Syria through private sector
Pfizer, BioNTech vaccine neutralises Omicron with three shots
Red Cross to build regional logistics hub in Georgia
Kazakhstan reports increase in purchase prices for new housing
SOCAR Petroleum among largest taxpayers in Ukrainian fuel market
Azerbaijan launches construction of tunnels on Horadiz-Jabrayil-Zangilan-Aghband highway (PHOTO)
Azerbaijan, Iran hold discussions on development of co-op in oil-gas sector
Armenian troops shoot at Azerbaijani military positions in Kalbajar
Azerbaijan's activities in energy sector - commendable, says Iranian minister
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,210 more COVID-19 cases, 1,853 recoveries
US-led global release of strategic petroleum reserves may accelerate oversupply
Initial acquaintance with minefields maps provided by Armenia creates impression of inaccuracy – ANAMA
Main goal of Google Pay - to ease payment possibility for users, says head of operations strategy
Azerbaijan shares data on oil export to Switzerland for 10M2021
Azerbaijan discloses oil exports to Greece over 10M2021
bp says delivery of final major equipment packages for ACE complete
bp talks latest progress in ACE platform construction
Georgia shows positive growth in tourism revenue recovery – TBC Capital
Russia begins sea trials of 'Peter the Great' cruise ship - Astrakhan governor
Iran sees increase in volume of cargo loaded/unloaded in Genaveh port
Azericard looks to expand innovative payment tools in Azerbaijan
Uzbekistan reveals main countries in terms of imports for 10M2021
Several wheat varieties sown in Azerbaijan's liberated lands (PHOTO)
Central Bank of Azerbaijan plans to develop standards to support open banking technologies in 2022
Azerbaijan, Russia’s Astrakhan to co-op in dev’t of North-South transport corridor – Astrakhan governor
Central Bank of Azerbaijan unveils five main directions of digital payment development strategy
S&P Global Ratings announces Uzbek Ravnaq-bank's credit rating
China's Venus Medtech buys Israeli co Cardiovalve
All news