Baku, Azerbaijan, July 6
By Nargiz Sadikhova - Trend:
The income of National Fund of Kazakhstan amounted to 1.95 trillion tenge during first six months of 2019, which is three times as much as the volume of the same indicator of the last year, Trend reports with reference to Association of Financiers of Kazakhstan.
“This significant increase is due to the difference in the investment income. Thus, if the investment expenditures during first six months of 2018 amounted to 785.4 billion tenge, this year the investment income from managing the fund amounted to 405.6 billion tenge," the report said.
Excluding the investment income, the volume of payments to the fund equaled to 1.55 trillion tenge compared to 1.39 trillion tenge of the same period last year.
“Tax payments increased by 10.5 percent and amounted to 1.52 trillion tenge. Increase of all types of tax payments is observed, excluding the severance tax, the volume of which decreased by 95.1 billion tenge,” the statement said.
“If the current increase rate is sustained, the tax payments volume in the end of 2019 could add up to be 3.09 trillion tenge, which is 4.3 percent less than actual income of 2018,” the report said.
Taking into consideration nominal investment income from managing the fund during 1Q2019, the assets of the National Fund increased by 122.2 billion tenge during first six months of 2019 and amounted to 26.18 trillion tenge.
(1 USD = 384.46 KTZ on July 6)
---
Follow the author on twitter: @nargiz_sadikh