Parliament adopts law on republican budget for 2012-2014

TANA. November 9. KAZINFORM /Muratbek Makulbekov/ At today's plenary sitting the Majilis of the Kazakh Parliament considered the amendments introduced by the Senate to the draft law "On republican budget for 2012-2014".

Secretary of Finance and Budget Committee Sansyzbai Yessilov informed that on the whole the Senators introduced 64 amendments. In particular, the amendments provide the redistribution of KZT 25 billion 547 million, which was formed by reducing the reserve of the Government and reducing the volume of subsidized interest rates for businesses receiving loans under the program of financial rehabilitation.

The Majilis members agreed with the changes proposed by the Senate. The law was adopted.