Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Government of Kazakhstan plans to gradually reduce non-oil deficit — Alikhan Smailov

Monday, 11 May 2020, 19:18:04

 

Pursuant to the instructions of the Head of State, an additional 125 billion tenge is provided for anti-epidemiological measures as part of the budget refinement for 2020. This was announced at an online briefing in the Government of Kazakhstan by the First Deputy Prime Minister – Minister of Finance Alikhan Smailov.

In updating the republican budget for 2020, the non-oil deficit was increased from 7% of GDP to 10.8% of GDP. The factor of this growth was the increase in guaranteed transfer from the National Fund.

“This is a one-time action, we adhere to the concept of the need for savings in the National Fund. The government will take measures to reduce this guaranteed transfer from the National Fund,” Smailov said.

Moreover, he explained that the use of funds from the National Fund in 2020 was a necessary measure.

“Since the crisis that is currently experiencing not only Kazakhstan, but the whole world, is larger and deeper than all the crises that we experienced during the years of our independence. We are currently working to increase our budget revenues for the next three years, optimize and reduce budget expenditures. To reduce the non-oil deficit, we plan to reduce its level by half by 2023 — to 5.3% of GDP,” the minister said.

The government has planned work to gradually reduce the non-oil deficit.

“We planned before the end of the year the price of oil at $20 per barrel. This means that we do not plan any revenues from the oil sector. Next year, the price of oil will not be much higher than this value. This means that the Government will not rely on oil revenues in its work, but will work to increase the tax base in the non-oil sector,” Smailov emphasized.

It is worth noting that as part of the budget refinement for anti-epidemiological measures, an additional 125 billion tenge is provided, of which:

  • 40.6 billion tenge — to stimulate health care workers involved in quarantine activities.
  • 19.5 billion tenge — payment for medical services to medical organizations for the treatment of people with coronavirus infection and people hospitalized with suspicion, as well as for the purpose of isolation with suspected contact with patients with a new coronavirus infection COVID-19;
  • 14.8 billion tenge — for the construction of 3 quarantine-type medical module complexes in the cities. Nur-Sultan, Shymkent and Almaty for a total of 680 beds;
  • 30.8 billion tenge — for the provision of food and household sets to certain categories of the population (recipients of targeted social assistance, including children from 6 to 18 years old, disabled people of 1-3 groups, disabled children, persons engaged in caring for a disabled child, officially registered unemployed) for the period of emergency.
  • 8.1 billion tenge — for the payment of bonuses to employees and medical workers of the internal affairs bodies, military personnel of the National Guard and Armed forces in the amount of 1 official salary (about 66.3 thousand people will be covered);
  • 4 billion tenge — to provide communication services and the functioning of interdepartmental information systems;
  • 1.3 billion tenge — for the purchase of food and special property, as well as property for equipping a tent camp and ensuring security at checkpoints and equipping a tent camp;
  • 225 million tenge — for the acquisition of thermal imagers;
  • 200 million tenge — to conduct outreach in the framework of the fight against coronavirus infection.

News feed
22 September 2020, 12:12
Harvesting in Kazakhstan completed by 93.4% — Ministry of Agriculture 
22 September 2020, 11:16
Sixty-five public organizations for protection of consumer rights operate in Kazakhstan — Ministry of Trade and Intergation
22 September 2020, 10:05
Head of Government gives several instructions to strengthen consumer protection 
22 September 2020, 10:02
Export potential of harvest in Kazakhstan to reach 7.5-8 million tons of grain in 2020
21 September 2020, 16:51
Government session to be held Sep. 22 in Ukimet Uyi 
21 September 2020, 12:54
Government considers issues of mass sports development 
18 September 2020, 18:26
Issues of preserving jobs and timely payment of wages discussed in Government of Kazakhstan
17 September 2020, 18:56
Prime Minister Askar Mamin meets with President of Turkmenistan Gurbanguly Berdimuhamedov
17 September 2020, 18:45
Government of Kazakhstan discusses issues of social protection of disabled people
16 September 2020, 18:09
Yerlan Kiyasov appointed Vice Minister of Healthcare - Chief State Sanitary Doctor of the Republic of Kazakhstan
15 September 2020, 12:26
Work underway in Kazakhstan to saturate domestic market with basic products for stabilizing prices — Ministry of Agriculture
15 September 2020, 10:27
Price increase for socially significant food products will not exceed 6% by the end of 2020 — Ministry of Trade and Integration
15 September 2020, 10:07
Prime Minister of Kazakhstan Askar Mamin instructs to ensure strict control over stability of prices for socially significant food products
15 September 2020, 09:44
Under Industrialization Map in Kazakhstan, 206 projects worth 1 trillion tenge to be introduced in 2020
15 September 2020, 09:29
For 8 months of 2020, 4.3 thousand new jobs created under Industrialization Map — Ministry of Industry and Infrastructure Development
14 September 2020, 22:47
Introduction of Industry 4.0 in Kazakhstan, or how smart factories worked during quarantine period and global pandemic
14 September 2020, 18:42
Interdepartmental Commission adopts decisions on work of businesses
14 September 2020, 14:02
Government session to be held Sep. 15 in Ukimet Uyi
14 September 2020, 10:51
Strategic directions for development of Eurasian Economic Integration until 2025 considered at session of EEC Council
11 September 2020, 13:07
Prime Minister Askar Mamin introduces Minister of Emergency Situations Yuri Ilyin
10 September 2020, 23:45
Distance learning, epidemiological situation, provision of villages with Internet — how educational process organized in Kazakhstan
10 September 2020, 13:12
Production of electronics industry of Kazakhstan to increase 8.5 times over 3 years
09 September 2020, 15:06
Roman Sklyar pays working visit to Atyrau region
09 September 2020, 11:59
Ministry of Healthcare on CVI: In Kazakhstan, there is a 6-fold decrease in bed occupancy
09 September 2020, 11:31
Food production for 8 months of 2020 increased by 3.6% — Ministry of Agriculture
09 September 2020, 11:21
Market of Kazakhstan fully provided with petroleum products of domestic production — Nogayev 
09 September 2020, 11:19
In Kazakhstan, total volume of container transit traffic increased by 37% — Ministry of Industry and Infrastructure Development
09 September 2020, 11:02
Measures taken stabilized epidemiological situation in the country — Prime Minister of Kazakhstan Askar Mamin 
09 September 2020, 10:54
Following results of 8 months of this year, positive dynamics remains in basic sectors of economy
09 September 2020, 10:53
Government adopts National Plan for Implementation of Address of the Head of State to People of Kazakhstan
09 September 2020, 10:25
604 loans issued under Economy of Simple Things Program — National Bank
09 September 2020, 10:20
Following results for 8 months of 2020, state budget received 5.5 trillion tenge of revenues — Ministry of Finance
09 September 2020, 10:13
Growth in construction, agriculture and manufacturing industry — Ruslan Dalenov reports on results of socio-economic development for 8 months of 2020
09 September 2020, 10:06
Draft National Action Plan for implementation of President's Address includes 10 key areas
07 September 2020, 17:10
It is planned to double fines for violations in the field of environmental protection — Magzum Mirzagaliyev spoke about implementation of President’s Address
07 September 2020, 16:33
Digitalization of land relations to eliminate human factor, bureaucracy and corruption — Omarov on implementation of President's Address
07 September 2020, 16:27
Beibut Atamkulov on implementation of President's Address: Mechanism for subsidizing rent to be approved by the end of 2020
07 September 2020, 16:14
Government session to be held Sep. 9 in Ukimet Uyi
07 September 2020, 15:39
Focusing on industry and development of transport infrastructure in Kazakhstan — Roman Sklyar speaks about main aspects of President's Address
06 September 2020, 09:34
Video Digest: Main events of the week, No. 76
05 September 2020, 14:10
Session of EEC Council: Several issues of further development of Eurasian economic integration discussed
05 September 2020, 13:41
Production of stationary ventilators opened in Kazakhstan
05 September 2020, 03:37
Construction, Support for SMEs and Investment — how East Kazakhstan Region developed during the pandemic
05 September 2020, 01:46
Briefing to be held on measures to implement Address of the Head of State
04 September 2020, 17:33
New concept for improving local self-governance to be developed — Ruslan Dalenov on implementation of President's Address 
04 September 2020, 13:31
Additional 200 billion tenge to be allocated to support SMEs — Alikhan Smailov on implementation of President's Address
03 September 2020, 16:27
Ministry of Education and Science to develop uniform requirements for online education platforms
03 September 2020, 16:18
Implementation of President's Address: Free clubs to open in schools, National Crafts centers — in regions 
03 September 2020, 16:01
Taldykorgan – Ust-Kamenogorsk highway to be commissioned this year — Askar Mamin
03 September 2020, 15:29
Creation of 20 large medical centers and production of medicines within country — Shoranov on implementation of President's Address
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.