IMF considers that Kazakhstan overestimated predictable taxes collection - Ministry of Finance

/IRBIS, Sep.08, 99/ - According to REUTERS, which cites Uraz Dzhandosov, IMF as a whole approved present Kazakhstan's budget, however it worries about the overestimation of tax collection stipulated by the project of budget- 2000. In the IMF opinion the tax collection is overestimated approximately by 0.8 percents. Mission of IMF and Kazakhstan's government are discussing now the next three-years crediting program. Today mission has finished its one-week work in Astana and going to return approximately in a month. The previous three-years crediting program finished in July, and there are some difficulties in the negotiations concerning the new one. IMF, for example, required further toughening of the budget, decrease of deficiency and tax collection increase. According to the minister, the tax collection has been increasing for the last four months, that gives the basis to have a certain reliance in the planed taxation of the next year. As Dzhandosov has told, the government is going to increase financing of the Ministry of State Revenues for the purposes of the tax collection increase creation of information systems, additional customs posts, rise of the customs and tax policy officers' salary. Dzhandosov added that the during the present year government expects about $200 million from the World Bank. It will be the second $100 million transh for pension reform and third $75 million transh for the improvement of state resource management. Pensions and social allowances indebtedness makes today about 15 billion tenges at the month requirement of 11.3 billion tenges and this indebtedness did not not grow from the beginning of summer. The goverment hopes that the indebtedness will start to reduce from October which is connected with the tax collection increase. Earlier officials spoke, that the new loan will be directed on support of the Kazakhstan's gold-currency reserves. In the present year Kazakhstan should pay back the $630 million external debt.