National budget deficit to be reduced from 2.8% in 2011 to 1.5% in 2013 - Prime Minister

ASTANA. October 25. KAZINFORM /Serik Sabekov/ Deficit of the national budget will be gradually reduced from 2.8% against the GDP in 2011 to 1.5% against the GDP in 2013. Prime Minister Karim Massimov said at the meeting of the Faction of Nur Otan Party in the Majilis today.
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"Sustainability of state finances in the post-crisis period is the main condition of stable economic growth", K. Massimov noted.

The PM reminded that the budget of 2010 was approved with 4.6% deficit against the GDP.

"To my mind, the draft national budget lays a solid foundation for post-crisis modernization ensuring solution of all priority issues", the Head of the Kazakh Government concluded.

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