Kazakhstan expects budget revenues growth in 2002

/IRBIS, July 3, 01/ - REUTERS informs, with the reference to the budget commission, that in year 2002 budget revenues would be more than in 2001. It is said that the Commission is discussing the revenues now, and will work on the expenses and deficit side of the budget, as well as macroeconomic forecasts close to the fall. After the discussion the final draft of the budget 2002 will be sent by the government to the parliament. Planned growth of the revenues is to be originated in raw material sector mostly, which is to boost other sectors of the economy, was added. Following are the revenue figures of the budget 2002 compared with expected budget 2001 performance (m KZT): ----------------------------------------------- 2002 2001 --------------------- ----------- ----------- state budget revenues 647,400.2 639,124.8 (20.3% GDP) (21.1% GDP) ----------------------------------------------- National budget revenues (state budget less regional budgets) are said to be stable at 10.5% of GDP in coming years, is said. Following are the revenue figures of the national budget in 2002-2004 compared with expected budget 2001 performance (m KZT): ---------------------------------------------------------------------- 2001 2002 2003 2004 -------------------- --------- ----------- ----------- ----------- total 343.587.3 335.777.9 365.295.0 400.260.0 (10.5% GDP) (10.5% GDP) (10.5% GDP) tax - 291.243.4 316.589.0 350.704.0 (9.1% GDP) (9.1% GDP) (9.2% GDP) non-tax - 34.388.6 38.269.0 41.932.0 (1.1% GDP) (1.1% GDP) (1.1% GDP) income from - 10.145.9 10.437.0 7.624.0 capital transactions (0.3% GDP) (0.3% GDP) (0.2% GDP) ---------------------------------------------------------------------- Next year GDP of Kazakhstan is expected at KZT3,188.0bn, and KZT3,479.0bn in 2003, and KZT3,812.0bn in 2004. It is said that usually the revenue side changes slightly during the discussion.