BAKU, Azerbaijan, Dec. 11
By Nargiz Sadikhova - Trend:
Expenditures of Kazakhstan’s state budget were 2.2 percent less than the plan over the period from Jan, through Nov. 2020, Kazakhstan’s Minister of Finance Yerulan Zhamaubayev said, Trend reports citing the press office of the government.
The expenditures of the republican budget amounted to 12.5 trillion tenge ($29.7 billion), which is 1.1 percent less than the plan for the period. The main reasons for the underuse of the funds were lengthy holding of tender procedures, procedures for concluding contracts; lengthy coordination of payment documents; failure to submit acts of completion; payment for the actually provided volume of services, work performed, litigation.
Payments from the budget in the amount of more than 1 trillion tenge ($2.3 billion) are to be made before the end of the financial year. According to preliminary data, the expenditures from the republican are to be around 0.2 percent below the plan before the end of the year.
In turn, the expenditures from the local budgets were 7.1 trillion tenge ($16.9 billion), which is 2.8 percent less than the plan.
The preliminary data also said that 2 trillion tenge ($4.7 billion) were allocated to the regions. 96.7 percent of which were used. The value of funds not used the regional administration was 66 billion tenge ($157.1 million).
The main reasons for the funds not being used are savings on public procurement; decrease in the actual number of recipients; lagging behind the work schedule, not fulfilling the scope of work.
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