BAKU, Azerbaijan, March 17
Trend:
The plan on tax revenues to the state budget from January through February 2021 exceeded the expectations; receipts amounted to 1.4 billion tenge ($3.3 billion) in Kazakhstan, Trend reports with reference to the Kazakh State Revenue Committee.
The plan on tax revenues to the state budget from January through February 2021 was executed by 121.3 percent (taking into a plan of 1.1 billion tenge ($2.6 billion), 1.4 billion tenge ($3.3 billion) was received by surpassing 244.6 billion tenge ($583.8 billion), in comparison with the same period of last year with a decrease of 12.2 percent or by 194.2 billion tenge ($463.5 billion), including:
- The country’s budget was executed by 113.6 percent (taking into account the plan of 750.7 billion tenge (1.8 billion), 852.9 billion tenge ($2.03 billion) was received by surpassing 102.2 billion tenge ($243.9 billion), compared to the same period of last year with a decrease of 18.5 percent or by 194.0 billion tenge ($463.05 billion).
- The local budget was executed by 136.0 percent (taking into account the plan of 395.9 billion tenge ($944.9 billion), 538.3 billion tenge ($1.3 billion) was received by surpassing 142.4 billion tenge ($339.9 billion, the growth rate compared to the same period of last year was 100.0 percent.
The main factors that influenced the process of exceeding the expectations related to the country’s budget plan:
- the plan on the export customs duty on oil was set at a rate of $35, while the average rate from January through February 2021 was set at the level of $55.2.
- there is an increase in prices for the main export goods, including silver by 40.9 percent, gold by 26.4 percent, copper by 21.1 percent, uranium by 17.5 percent, zinc by 11.6 percent, iron ore (concentrate) by 58.7 percent during four quarters of 2020 compared to the same period of 2019.