Government of Kazakhstan has set the limits on debt of local executive bodies in 2010

/IRBIS, March 17, 2010/ - The Government of the Republic of Kazakhstan has set limits the debt of local executive bodies in 2010. The text of the decree of February 4, 2010 # 69 published on March 16 in the official press. The regulation will come into effect from the date of official publication. Limits on debt of local executive bodies in 2010 (in th. KZT) ------------------------------------------------------ Local Limit debt to income executive body Limits of debt places. budget, in% ----------------- -------------- --------------------- Akmola region 2,693,005 12.08 Aktobe region 1,447,000 3.24 Almaty region 2,468,815 5.86 Atyrau region 1,791,577 3.57 East Kazakhstan region 3,513,244 7.79 Zhambyl region 3,068,731 18.05 West Kazakhstan region 1,248,625 4.59 Karagandy region 3,174,582 5.24 Kostanai region 2,230,107 7.91 Kyzylorda region 1,743,234 10.89 Mangistau region 668,500 1.52 Pavlodar region 1,038,560 2.44 North Kazakhstan region 3,192,655 20.23 South Kazakhstan region 4,336,874 11.07 Almaty City 24,099,154 25.10* Astana City 25,000,000 33.87* ------------------------------------------------------ * In cases where the local executive body in accordance with the laws of the Republic of Kazakhstan may borrow on the domestic loan market, the calculation of the limit set in relation to the income of local executive bodies, the appropriate amount of tax and non-tax revenues and revenues from sales of fixed assets net of budgetary exceptions. The maximum limit on the debt of the local executive body shall not exceed 45% of own revenues. [2010-03-17]