Kazakhstan and ICF discuss the new three-year program

/IRBIS, Oct.21, 99/ According to REUTERS, which cites representative of the government press service department, the Mission of International Monetary Fund (ICF) meets today with Vice Prime Minister Erzhan Utembaev and Minister of state revenues Zeinulla Kakimzhanov for discussion of the new three-year crediting program. The parties have already agreed that arrangement should be signed before the end of this year. The former three-year $450 million crediting program was targeted to the maintenance of foreign reserves of Kazakhstan, and was finished in July of the current year. The new program plans granting of $400 million for the same purposes. ICF has approved the basic parameters of the budget-1999 of Kazakhstan, however it is anxious about the overestimation of tax incomes, planned in the budget-2000. Deficiency of the budget of the following year is planned to reduce to 3.0% GDP from 3.6%.