Kazakhstan to strengthen financial restraint
Kazakhstan, Astana, Sept 3 /Trend D.Mukhtarov/
Kazakhstan should strengthen financial restraint, President of Kazakhstan Nursultan Nazarbayev said at the opening of the second session of the Kazakh Parliament of V convocation this Monday.
"The government must cut budget expenditures that do not ensure economic growth. We must learn to work as a corporation across all regions," the head of state said.
He stressed that "every tenge, every dollar, should pay off."
"If that does not happen, it means that we spend money improperly. We should strengthen overall fiscal policy," Nazarbayev said.
In this regard the president ordered government agencies to tighten fiscal policy, create legal barriers to the shadow economy and strengthen control over the internal and external debt of the country.
"We need to strengthen the overall financial position. In 2011, the total amount of funds spent by violations amounted to 300 billion tenge. Proceedings were brought against six political and more than 130 administrative employees. MPs and a faction of Nur Otan should make approaches with very tough methods to control this process," he said.
Nazarbayev said today there is a need to create legal barriers towards the shadow economy and make attempts to display the shadow budget in the country.
"The shadow economy accounts for the solid volume and the government should work specifically in this direction," he stressed.