All initiatives of the President to be provided with full funding — Alikhan Smailov

At the Government meeting chaired by Prime Minister Askar Mamin, First Deputy Prime Minister – Minister of Finance Alikhan Smailov reported on the allocation of budget funds for the implementation of the Head of State’s instructions.

As Smailov noted, in order to fulfill the instructions of the Head of the State in a timely manner, the Ministry of Finance together with the interested state bodies made preliminary calculations on initiatives aimed at improving the quality of life of the population.

The calculations showed that the additional need for three years amounts to 2 trillion tenge, of which in 2019 — 446.7 billion tenge.

The largest amount of funds will be used to strengthen social support for certain categories of citizens. This is about 1.3 trillion tenge for three years and 226.7 billion tenge in 2019.

Smailov also said that to provide housing for certain categories of citizens, an additional 300 billion tenge would be required — 100 billion tenge each year.

As the Smailov noted, special attention will be paid to the development of regional infrastructure. So, from the republican budget in 2019–2021, it is planned to allocate an additional 320.9 billion tenge. Of these in 2019 — 90 billion tenge. From local budgets to co-finance projects will require the allocation of 101.1 billion tenge, including 32 billion tenge — in 2019.

Ninety billion tenge will be allocated additionally for the implementation of the special project for the development of promising villages “Aul – El Besigi,” including in 2019 — 30 billion tenge. The events will cover 163 districts, 1,500 villages.

In order to financially support the implementation of the instructions to improve the quality of life of the population, measures will be taken to facilitate customs administration, which will make it possible to attract additional revenues to the budget of 800 billion tenge for three years.

“Also, as requested by the Head of State, the funds of the National Fund will be raised. All initiatives of the President will be fully financed. We will present the draft law on the clarification of the republican budget in the near future,” Smailov concluded.

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