Kazakhstan talks reduction of data discrepancies between its import, China's export

Kazakhstan Materials 8 June 2022 14:08 (UTC +04:00)
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, June 8. Measures to digitalize tax and customs administration in Kazakhstan have ensured additional revenues to the state budget, Finance Minister Yerulan Zhamaubayev said, Trend reports via the Kazakh media.

According to Zhamaubayev, in 2021, the discrepancies in statistical data between China's exports and Kazakhstan's imports have been reduced to 40.5 percent.

He said that over the past three years the additional budget revenues totally exceeded two trillion tenge or $4.6 trillion (including 916 billion tenge or $2.13 billion in 2019, 710 billion tenge or $1.65 billion in 2020, and 684 billion tenge or $1.59 billion in 2021).

The minister added that work to ensure additional budget revenues through the above mentioned measures continues.

Earlier it was reported that the execution of the state budget in 2021 was carried out under the negative influence of the coronavirus pandemic.

"Nevertheless, compared to 2020, there was a recovery of business activity. Last year, GDP growth amounted to four percent," Zhamaubayev said.