Amendments to 2009-2011 national budget presented in Senate

ASTANA. April 2. KAZINFORM. /Muratbek Makulbekov/ A draft law ?On introduction of amendments and addenda to the Law of the Republic of Kazakhstan ?On national budget for 2009-2011? has been presented in the Majilis today.

Making a report Kazakh Minister of Economy and Budget Planning Bakhyt Sultanov noted that the adjustments to the national budget shall be made in connection with the change in world prices for major Kazakhstan's exports. Revenues of the national budget for 2009 are projected in the amount of about 1 529 482 785 thousand tenge in 2009, with a reduction against the approved plan for the 371 150 210 thousand tenge. Expenditure for 2009 is 3 411 041 560 thousand tenge. The national budget deficit in 2009 would be 573 624 995 thousand tenge, or 3.4 percent of GDP. The senators noted excessive reduction in the cost of infrastructure development of human settlements, industrial plants, as well as the substantial administrative costs of state holdings.