Kazakh leader approves amendments to state budget for 2013-2015
Kazakh President Nursultan Nazarbayev has signed the law on
amendments to the law on republican budget for 2013-2015, Novosti
Kazakhstan news agency reported with the reference to the
presidential press-service.
The revised forecast of real GDP growth in 2013 remained at the
earlier forecasted level (6 percent), but the forecast for nominal
GDP growth dropped from 15.8 percent to 13.5 percent.
The forecast for average oil price in 2013 was increased from $90
to $100 per barrel.
The inflation is forecasted at the earlier approved range of 6-8
percent by the end of 2013.
The transfers to the state budget were increased by 27.206 billion
tenge (151.35 tenge = $1) to 1.544 trillion tenge due to attracting
of target transfer from the National Fund in the amount of 25.500
billion tenge and transfers from regional budgets in the amount of
1.7 billion tenge.
The state budget's expenditures for 2013 were decreased by 121.288
billion tenge and approved at 6.099 trillion tenge. The budget
deficit for 2013 was increased by 85.397 billion tenge and hit
870.573 billion tenge, or 2.5 percent of GDP.
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