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State budget for 2021-2023 approved in Kazakhstan following amendments introduction

Finance Materials 24 November 2020 16:49 (UTC +04:00)
State budget for 2021-2023 approved in Kazakhstan following amendments introduction

BAKU, Azerbaijan, Nov. 24

By Nargiz Sadikhova - Trend:

Kazakhstan's Mazhilis (lower house) of the Parliament has agreed with the amendments to the budget for 2021-2023 made by Senate (upper house), Trend reports citing Kazakh media.

Thus, a total of 39 amendments were made to the initial draft the majority of which were made in relation to the budget expenditures.

"The budget expenditures for 2021 were increased by 15.2 billion tenge ($35.5 million), for 2022 by 4.7 billion tenge ($10.9 million) due to the restructuring of government reserve funds. Funds were also restructured in connection to the state organizations for 2021 by 22.5 billion tenge ($52.5 million), by 636 million tenge ($1.4 million) for 2022, and by 1.2 billion tenge ($2.8 million) for 2023," the report said.

On Nov. 19, Senators returned the bill "On the republican budget for 2021 - 2023" to the Mazhilis.

In accordance with the proposals of the MPs, a number of spheres must be financed over the next three years, including:

- completion of the repair of a section of the regional road in Akmola and Atyrau regions, construction of a radial road to the Big Almaty Ring Road (BAKAD) in Almaty region, regional highways in Mangystau region, reconstruction and development of roads in West Kazakhstan region and Almaty in a total amount of 6.7 billion tenge ($15.6 million), as well as 4.6 billion tenge ($10.7 million) in 2021;

- provision of Aktobe, Atyrau, and Turkestan regions with gas worth 2.7 billion tenge ($6.3 million), while 2.1 billion tenge ($4.9 million) in 2021;

- construction and (or) reconstruction of the housing of the communal housing stock in the Zhambyl region, construction of housing for socially vulnerable groups of the population and low-income big families in the Pavlodar region, as well as engineering and communication infrastructure for residential buildings in the Kostanay region and water supply networks in the East Kazakhstan region in a total amount of six billion tenge, while in 2021 - 3.9 billion tenge ($9.1 million);

- construction of buildings, structures, and overhaul of the Military Institute of the National Guard in Petropavlovsk, infrastructure development in Turkestan city, and other events and projects in 2021 - 4.6 billion tenge ($10.7 million).

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