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Deficit of Republican budget amounted to 1.6% to GDP in 2016 against planned 2%

18.05.2017 Astana. May 18. KazTAG - The deficit of the Republican budget of Kazakhstan amounted to 1.6% to GDP in 2016 against planned 2%, said Bakhyt Sultanov, Minister of Finance.
"Considering the main parameters of the budget, the receipts have been performed to 100.2% and amounted to 7 trln 760 bn tenge. The expenses amounted to 8 trln 501 bn tenge, or 98.3%. The deficit amounted to 741 bn tenge- it is lower than the plan by 161.5 bn tenge," said B. Sultanov at the presentation of the reports of the Government and the accounting committee on the Republican budget performance in 2016 in the Majilis.
He indicated higher receipts in 2016 in comparison to 2015,- by 1078 bn tenge or by 30.8%. Expenses were 1338 bn tenge or 18.6% higher in comparison to the previous year.
"The size of the deficit is an important feature of the budget balance. Its volume to GDP amounted to 1.6% against 2% plan. It is 171 bn tenge lower in comparison to 2015," he said.