State budget revenues exceeded by 101.3% in Kazakhstan

AKIPRESS.COM - For 11 months in 2019, the state budget of Kazakhstan received more than 8 trillion tenge, the First Deputy Prime Minister - Minister of Finance Alikhan Smailov said today at the government session, the press service of the Prime Minister reported.
"Following 11 months of 2019, the state budget collected revenues amounting to 8 trillion 514 billion tenge. State budget revenues exceeded by 101.3%, the Republican - 100.3% and the local budget - 104.1%. Net revenues of the republican budget amounted to 6 trillion 219 billion tenge," Smailov said.
The growth rate of income was mainly provided by the following taxes: value added tax on goods of domestic production, corporate income tax and taxes on international trade and foreign operations.
The increase in tax revenues along with the improvement of tax and customs administration was also affected by an increase in the production of goods and services in January-October 2019 compared to the same period last year in the following sectors of the economy: construction - 112.7%, trade - 107.5%, transport - 105.6%, communications - 104.5%, industry - 103.5%.
Local budget revenues are exceeded in almost all regions except the city of Nur-Sultan and the Mangystau region.
At the same time, according to the Ministry of Finance, the state budget expenditures were fulfilled by 98.3%, the republican budget - 99.4%, and local budgets - 97.4%.