Minister Sultanov calls to optimize expenditures of local budgets

ASTANA. January 12. KAZINFORM /Zauresh Balkenova/ Minister of Economy Bakhyt Sultanov draws local executive bodies? attention to the necessity of optimization of their expenditures, Kazinform reports.

?While considering the law on the three-year national budget in the Parliament we have cut budgetary expenditures by KZT 268 bln ? for 2009, by KZT 411 bln ? for 2010 and by KZT 476 bln ? for 2011?, Mr. Sultanov reminded. Alongside, according to him, it was decided not to reduce local budgets and subventions. The Minister also referred to the President?s order as of December 30, 2008 on optimization of expenditures. According to B. Sultanov, local budget revenues have grown 1.5 times since 2005, but their expenditures have increased as well ? from KZT 705 bln up to KZT 1.8 trln taking into account the national budget transfers. The 2008 plan on local budget expenditures without the national budget transfers has made about KZT 1.2 trln that is KZT 208 bln higher than it was forecasted. ?As for the budget revenues, according to 2008 forecasts it comprised KZT 620 bln. Local executive bodies in maslikhats approved KZT 782 bln plan. That is KZT 161 bln higher that it was forescasted?, the Minister informed. While establishing transfers for 2009 the revenues of the local budgets were expected to make KZT 694 bln. According to the local executive bodies? plans this figure is to make KZT 755 bln, that is only KZT 61 bln higher than the preliminary forecasts. ?As we see, the revenues of the local budgets decline?, the Head of the Ministry said.