Performance of Mangistau region's (Kazakhstan) budget in 1999 and plan for year 2000

/KASE, March 17, 00/ - On July 28, 1999 at KASE the auction was held for initial offering of discounted bonds of local executive body of Mangistau region (code - MGU 12 001, issue volume - KZT400 mln). Financial consultant of the issue - OJSC "Deutsche Bank Securities (Kazakhstan)" in order to provide the monitoring presented KASE with the data on performance of Mangistau region's budget in 1999 and approved plan of the year 2000 budget that are given in the table below (in th. KZT): Budget performance, 1999 --------------------------------- Budget, Articles of the budget plan actual % perfom. 2000 --------------------------------- ---------- ---------- --------- --------- REVENUES 10,493,558 10,788,807 102.8 8,905,512 --------------------------------- ---------- ---------- --------- --------- Income 10,398,647 10,788,807 103.8 8,320,201 --------------------------------- ---------- ---------- --------- --------- Tax collections 10,045,564 10,434,538 103.9 7,921,407 Non-tax inflows 345,875 351,739 101.7 389,794 Operations with the capital 7,208 2,530 35.1 9,000 --------------------------------- ---------- ---------- --------- --------- Repayment 94,911 585,311 Repayment of granted directive loans 94,911 94,211 Repayment of granted loans under small entrepreneurship line 10,000 Repayment of the debt of local executive body 481,100 -------------------------------- ---------- ---------- --------- --------- EXPENSES AND FINANCING 10,893,558 10,677,732 98.0 8,385,304 -------------------------------- ---------- ---------- --------- --------- Expenses General state services 394,503 391,829 99.3 196,446 Defense 72,164 67,762 93.9 75,604 Public order and security 318,322 315,405 99.1 244,974 Education 2,151,416 2,124,133 98.7 1,472,203 Health 1,544,725 1,389,947 90.0 1,047,094 Social benefits and allowances 815,021 812,512 99.7 484,895 Housing and communal expenses 27,399 27,397 100.0 34,044 Culture, sports and information 219,355 216,003 98.5 178,825 Agriculture and environment protection 40,509 40,280 99.4 77,099 Industry and construction 1,055 699 66.3 1,000 Transportation and communication 35,000 20,300 58.0 80,000 Others 24,734 22,406 90.6 208,994 Official transfers 4,844,265 4,844,265 100.0 4,265,126 Financing 405,090 404,794 99.9 22,000 -------------------------------- ---------- ---------- --------- --------- BUDGET DEFICIT -400,000 520,208 -------------------------------- ---------- ---------- --------- --------- FINANCING OF THE BUDGET DEFICIT 400,000 -520,208 Internal 400,000 399,683 Revenues 400,000 399,683 Repayment -520,208 -------------------------------- ---------- ---------- --------- --------- Excess of planned expenses in 1999 over planned amounts in 2000, based on accompanying letter, is explained by an inclusion of mutual settlement of accounts for KZT1,736 mln in 1999. In year 2000 similar settlement is also planned for an amount of KZT1,500 mln after coordinating the Rules that determine the debt settlement order to the local budget and settlement amounts with the Ministry of finance of Kazakhstan.