BAKU, Azerbaijan, Oct. 27
By Nargiz Sadikhova - Trend:
The actual revenue volume to the state budget of Kazakhstan was 8 percent less than the planned volume over nine months of 2020, Chairman of Kazakhstan’s State Revenue Committee Marat Sultangaziyev said during a briefing, Trend reports citing the Committee.
In turn, the actual revenue volume to the republican budget was 18 percent less, of regional budgets – 16 percent more.
He explained that the decrease in revenues to the budget was influenced by both external and internal factors associated with the COVID-19 pandemic.
Sultangaziyev also that the budget deficit of Kazakhstan is expected to amount to 3.5 percent of GDP or 2.4 trillion tenge ($5.6 billion) in 2020. In turn, he noted, Kazakhstan’s trade turnover with other countries has already decreased by 13.2 percent year-on-year.
“By sectors of the economy, revenues in the mining industry decreased by 44 percent, due to a decrease in prices for oil and metals. At the same time, the growth of revenues was observed in the manufacturing industry by 9 percent, the transport sector by 6 percent and construction by 4.3 percent,” he said.
Furthermore, the sum of additional tax payments made as a result of tax audit amounted to 118.8 billion tenge ($277.5 million) during the reporting period, which is 5.4 percent more year on year.
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