Budget financing of second industrial five year plan will make up 650 bln tenge - Dosayev

Date: 07:00, 02-07-2014.

Astana. July 2. KazTAG - 650 bln tenge will be allocated from the budget for implementation of the second stage of the program implementation of industrial-innovational development of Kazakhstan, said Yerbolat Dosayev, Minister of Economy and Budget Planning.

"The budget financing will make up 650 bln tenge, including for the account of 1 trln tenge allocated from the National Fund," he said.

"Out of the total volume of investments about 6.6 trln tenge will go to implementation of state program of accelerated industrial-innovational development, 2.6 trln tenge are planned to be attracted for the account of investments of quasi-state and private sector," he said.

He concluded this way the approach of "financial lever" will be implemented providing "attraction 4 tenge of private investments per each 1 tenge of state investments".

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