According to the Ministry of Finance, for the reporting year 2018, the income plan was exceeded for all levels of the budget. The consolidated budget — by 102.6%, the National Fund — by 102.3%, the republican budget — by 102.3% and local budgets — by 102.8%.
“State budget revenues excluding transfers amounted to 8,208 billion tenge, or 102.4% of the plan. The republican budget received revenues of 5,849 billion tenge, which is 130 billion tenge more than the plan and 836 billion tenge more than in 2017,” Smailov said.
According to the minister, over-fulfillment of the plan was mainly due to the export customs duty on oil by 214 billion tenge, the mineral extraction tax by 46 billion tenge due to an increase in the average price of metals by an average of 6.5%. On corporate income tax and value-added tax, revenue growth in comparison with 2017 amounted to 148.8 billion tenge and 370 billion tenge, respectively.
Revenues of local budgets amounted to 2.4 trillion tenge, which is more by 64 billion tenge from the plan for 2018. In comparison with 2017, revenues of local budgets increased by 218 billion tenge. The increase in revenues is due to the individual income and social taxes due to the increase in the average monthly wage in the country.
Improvement of tax and customs administration was also one of the factors for exceeding the planned revenues. According to the ministry’s calculations, the effect of this work amounted to more than 410 billion tenge. Due to digitalization, an additional over 100 billion tenge has been received.
The execution of the state budget amounted to 99.7%. For the republican budget, execution was 99.99%. With the plan of 9.7 trillion tenge, non-execution is 1.5 billion tenge. In addition, 17 billion tenge is the remainder of the Government’s reserve for emergency and unforeseen expenses, and 300 million tenge is savings. The non-spending of 1.5 billion tenge was due to changes in the terms of supply contracts and the backlog of work. For local budgets, execution amounted to 99.7%.
Smailov stressed that the share of social expenditures in the republican budget amounted to 44.4% against 34% in 2017.
“The priority areas of expenditure were: providing the population with drinking water, developing social infrastructure, increasing the availability and quality of higher education, expanding microcredit. Significant funds were allocated for the implementation of activities under the Nurly Zhol, Nurly Zher, Agribusiness 2020, Rouhani Zhangyru programs, as well as for the repairing local roads,” said Smailov.
According to the voiced information, for 2019 it is planned to send 4.8 trillion tenge from the republican budget to the social sphere, this represents 45% of all budget expenditures. In the three-year budget, by 2021, the share of social spending will increase to 49.1% of all budget expenditures. Thus, out of 4.8 trillion tenge, provided for the social sphere, 3.4 trillion tenge was allocated for social security and social assistance in 2019, 1.1 trillion tenge for health care, 583 billion tenge for education, and 78 billion tenge — for culture and sports.
“These costs will be provided in full, and, accordingly, in the budget structure will increase. The Government is faced with the task of increasing expenditures on education and health from all sources to 10% of GDP, today it is 7.4% of GDP, that is, we must bring the share of expenditures on education and health care up to 7.7%. This means that the additional need for 2019-2023 is estimated at about 3.5 trillion tenge in addition from the budget. At the expense of the private sector, it is planned to bring up to 2.3% of GDP, additional investments in these areas are also planned — about 900 billion tenge,” the minister noted.
According to Smailov, a three-year period provides for 2.5 trillion rubles for such areas of work as supplementing teachers for working on updated content of education and qualifications, benefits for families caring for disabled people of the first group since childhood, measures to improve public health plan to combat cancer, the development of local roads, water supply, sewerage, reducing the tax burden to increase wages for low-wage workers, increase accessibility higher education, improving student living conditions, expanding microcredit, and also organizing events for the Year of Youth.
In addition, on the instructions of the Head of State, currently a working group under the Government is considering additional measures to improve state support for the social sphere, including on motherhood and childhood.
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