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Local budget revenues in Kazakhstan hit record high

Finance Materials 11 December 2018 10:49 (UTC +04:00)

Baku, Azerbaijan, Dec. 11

By Rashid Shirinov – Trend:

In the first 10 months of this year, revenues to the local budgets of Kazakhstan amounted to 3.9 trillion tenge, Trend reports citing Finprom.kz.

This is the maximum amount for the last five years. However, there is no significant year-on-year change: just a 0.4 percent increase.

In January-October 2018, transfers accounted for more than half of the total local budget revenues in Kazakhstan: 1.99 trillion tenge (7.6 percent down year-on-year). Tax revenues reached 1.76 trillion tenge, or 45.3 percent of the total revenues (12 percent up year-on-year). Revenues from the sale of fixed capital and non-tax revenues totaled 129.5 billion tenge, or 3.3 percent of the total revenues.

In the reporting period, the largest revenues were in the Turkistan region (470.3 billion tenge), Almaty city (402.8 billion tenge), and Almaty region (344.2 billion tenge).

The maximum increase in revenues was in the Aktobe (14.2 percent year-on-year), Kyzylorda (13 percent) and Atyrau (11.8 percent) regions.

The largest decrease in local budget revenues was in Astana (17.2 percent year-to-year), Almaty city (8.2 percent) and the East Kazakhstan region (5 percent).

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Follow the author on Twitter: @ShirinovRashid

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