HomeREPORTS OF THE GOVERNMENT AND ACCOUNTS COMMITTEE ARE PRESENTED IN THE SENATE
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Reports of the Government and Accounts Committee are presented in the Senate.
Today in the Senate of Parliament of Republic of Kazakhstan Reports of RK Government and Accounts Committee for the control over execution of the republican budget on the budget compliance of the main financial document for 2014 are presented.
Minister of Finance Bahyt Sultanov, Chairman of Accounts Committee Kozy-Korpesh Dzhanburchin and the vice-president of National bank Oleg Smoljakov delivered their reports before deputies.
Minister of Finance B.Sultanov has reported to the senators that at year - end financial results are balanced and budget proceeds were 5 989 billion tenge, or 99,4 % to the adjusted plan or 98,1 % to the specified plan. Incomes were received in the sum of 5 909 billion tenge or 99,3 % to the adjusted budget or 97,9 % to the specified budget.
Expenses of the republican budget for 2014 made 7 070 billion tenge or 99,4 % to the plan. Deficiency is sustained at the confirmed level - 1 081 billion tenge. 53 indicators of direct results are not reached. These are volumes of export of metals, execution of incomes, coverage of insurance, volumes of transportation of and oil and others.
Expenses on 39,9 billion tenge are not used.
Chairman of Accounts Committee Kozy-Korpesh presenting the basic results of execution of the republican budget for 2014, informed deputies that Accounts Committee conducted assessment of execution of the republican budget for 2014 on observance of main principle of productivity of budgetary system. The Government report informs that the sum of not spent means on expenses has made 18,6 billion tenge. The undistributed budget of the Government is at a rate of 7,8 billion tenge.
Default of a profitable part of the budget was affected by negative consequences of world crisis, decrease in the world prices for export production and, as consequence, decrease in economic activity of the enterprises.
At the same time, inadequate quality of tax and customs administration and decrease in tax discipline of managing subjects are established. In 2014 the shortage on tax revenues in comparison with 2013 has increased by 33,7 billion tenge, or nearly in 2 times and has made 78 billion tenge.
Planned targets on republican budget proceeds on 28 codes of budgetary classification are not executed for the sum of 98,7 billion tenge.
Besides, the control of Accounts Committee establishes understating of the data on a shortage by unreasonable assignment by bodies of public revenues of the status of the bankrupt to tax bearers.
The increase in the sum of an overpayment of advance payments on tax revenues in the republican budget is observed.
So, as of January, 1st, 2015 the overpayment has made 1,7 bln. tenge, it is almost half (46 %) all tax revenues of 2014. Only on corporate surtax the overpayment has made 105,9 billion tenge with increase by 2013 on 28,4 billion tenge.
The vice-president of National bank Oleg Smoljakov has informed deputies that National Bank operatively reacts on developing in internal and world economy of the precondition, defining monetary and credit policy problems, providing with that macroeconomic stability in the country carrying out monetary and credit policy. For this purpose on April 24th, 2015 the Board of National Bank approved the Monetary and credit policy of Republic Kazakhstan till 2020 which assumes introduction inflation targeting in intermediate term prospect. The given document provides perfection of system of modeling, expansion of tools of a monetary and credit policy, perfection of system of decision-making, and also increase of efficiency of a communication policy as transparency of National Bank policy and clarity of its actions are the important elements inflation targeting.
On May, 8th, 2015 the National Bank has made the decision on expansion of the list of mortgaging maintenance on tools of a monetary and credit policy with a view of increase in access of banks to tenge of liquidity.
During presentation of accounting documents senators have brought up questions of the further perfection of profitable base of budgets, the mechanism of management of actives of the state, a liability of infringement of performing discipline, effectiveness of system of financial monitoring, efficiency of tax and customs administration, increase in workplaces.
The further discussion of reports will proceed at sessions of working group which is headed by the Chairman of Committee on the finance and the budget of the Senate of Parliament RK Rashit of Ahmets.
The Press-service of the Senate of Parliament RK