The previous year was profitable for the State Treasury as the state budget revenues grew by 15.5%.
Over eleven months of 2019, the state budget’s revenues have equaled KZT11.5 trillion, up by 15.5% YoY (KZT10 trillion). In turn, the amount of revenues amounted to KZT8.5 trillion excluding transfers. Thus, over the year it has grown by 15.3%.
The state budget revenues are over-fulfilled – 101.3% of the plan, the republican budget – 100.3%, and local budgets – 104.1%.
Net revenues of the republican budget amounted to KZT6.2 trillion.
The growth of revenues was provided by an increase in tax yield by 14.7% per year, which equaled to KZT8.2 trillion (in 2018 – KZT7.1 trillion). Non-tax revenues and proceeds from the sale of fixed capital amounted to KZT254.8 billion and KZT96.4 billion, respectively. (Kazinform/Business World Magazine)
