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Kazakhstan to change budget formatting system

Finance Materials 31 May 2019 14:16 (UTC +04:00)

Baku, Azerbaijan, May 31

By Nargiz Sadikhova - Trend:

A new special financial system will be used for an automatic formation of the budged for years 2020-2022 in Kazakhstan, Berik Sholpankulov, the Vice Minister of the Ministry of Finance of Kazakhstan said, Trend reports via LS news agency.

“The pilot version of the system was already launched in the Ministry of Agriculture. Overall it went well, but some flaws, which were already dealt with, were detected,” he said.

“The automatization will allow to asses effectiveness of allocated funds on business support. We also plan to use this method on subsidizing,” the vice minister added.

“Automatization of the subsidizing is to be expected starting from the second half-year of 2019,” the report said.

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