REFERENCE: Astana city - budget and its performance
/IRBIS, information of the KASE Listing commission, Sept 24, 01/ - The following information is published due to the admittance of second and third issue inscribed coupon bonds of local executive body of Atyrau region to the Kazakhstan Stock Exchange (KASE).
The budget of the region is the consolidated budget of regional, city and district budgets without mutual settlements.
REVENUES
The law defines complete list of tax revenues of the local budget, types of non-tax revenues to local budget, types of capital transactions, where income is received by the local budget, types of official transfers. The source of budgetary revenues is the repayment of the principal debt on previous credits granted from the budget. The surplus of revenues over the annual budgetary withdrawals is at the discretion of the region.
Data on performance of Atyrau region budget in 1998-2000 (th. KZT, unless otherwise specified)
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Budget performance
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2000 1999 1998
Budget ----------------- ----------------- ----------------
article % of % of % of
actual plan actual plan actual plan
------------------------------ ---------- ----- ---------- ----- --------- -----
I. REVENUES 45,142,019 112.0 16,861,508 99.6 4,849,737 88.9
Revenues: 45,110,765 112.5 16,758,009 101.9 4,843,020 88.9
Tax revenues 44,465,829 112.1 16,364,255 103.5 4,091,611 85.2
Non-tax revenues 614,119 151.6 373,628 60.6 738,019 118.7
Capital transactions 30,817 119.0 20,126 104.5 13,390 67.7
Official transfers received 0 0.0 80,000 31.4 0 0
Repayment of debt, loans 31,254 14.7 23,499 10.2 6,717 3.6
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II. EXPENSES AND FINANCING 39,634,322 94.9 16,716,013 98.8 4,864,229 86.7
Expenses: 39,437,146 94.9 16,592,783 98.7 4,843,316 86.7
State public services 630,967 89.7 280,754 98.6 219,491 95.5
Defense 247,067 88.7 108,913 98.3 63,747 68.9
Public security and safety 740,247 85.1 266,704 98.5 185,603 94.4
Education 4,352,042 97.7 2,996,487 99.6 1,948,719 91.7
Health 4,470,599 94.0 1,624,450 99.7 436,794 73.2
Social insurance and 995,474 90.1 1,127,701 99.8 1,364,765 86.8
protection
Housing 6,066,620 85.0 1,318,891 88.3 174,696 91.1
Culture, sport and information 1,483,241 89.7 495,639 99.5 189,280 90.4
Agriculture, water, forestry, 143,066
fishery and environment 85.8 54,542 96.2 109,264 62.2
protection
Industry, construction and
mineral resources use 50,458 99.0 30,000 100.0 94,400 73.4
Transportation and 4,094,610 99.6 1,174,652 100.0 - -
communication
Others 1,411,159 92.4 348,134 99.6 56,557 77.7
Official transfers 14,727,269 100.0 6,765,916 100.0 - -
Financing 197,176 100.0 123,230 100.0 20,913 41.4
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III. Deficit (-) / surplus (+) 5,507,697 145,495 -14,492
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Data on performance of Atyrau region budget in I half of 2001 (th. KZT, unless otherwise specified)
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Budget performance
2001 6 months ------------------------
Budget articles plan 2001, 6 month of % of % of
plan 2001 plan year
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I. REVENUES 41,441,457 26,200,238 27,896,601 106.5 67.3
Revenues: 41,252,599 26,125,031 27,881,310 106.7 67.6
Tax revenues 40,358,238 25,654,164 27,555,851 107.4 68.3
Non-tax revenues 823,738 445,292 256,187 57.5 31.1
Capital transactions 70,623 25,575 69,272 270.9 98.1
Repayment of debt, loans 188,858 75,207 15,291 20.3 8.1
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II. EXPENSES AND FINANCING 48,009,449 32,768,230 27,950,691 85.3 58.2
Expenses: 47,837,461 32,631,942 27,924,408 85.6 58.4
State public services 569,192 426,738 189,172 44.3 33.2
Defense 210,516 153,611 102,194 66.5 48.5
Public security and safety 441,767 313,572 190,411 60.7 43.1
Education 4,284,586 2,675,761 1,755,502 65.6 41.0
Health 2,077,072 1,418,594 826,199 58.2 39.8
Social insurance and 1,719,639 1,150,212 602,265 52.4 35.0
protection
Housing 5,778,704 2,227,834 1,489,204 66.8 25.8
Culture, sport and 1,065,605 823,944 476,015 57.8 44.7
information
Agriculture, water, forestry,
fishery and environment 208,248 189,183 69,748 36.9 33.5
protection
Industry, construction and
mineral resources use 63,500 63,500 15,000 23.6 23.6
Transportation and 1,341,381 345,896 206,300 59.6 15.4
communication
Others 1,129,818 1,026,891 564,993 55.0 50.0
Debt servicing 157,547 101,143 53,648 53.0 34.1
Official transfers 28,789,886 21,715,063 21,383,757 98.5 74.3
Financing 171,988 136,288 26,283 19.3 15.3
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III. Deficit (-) / surplus (+) -6,567,992 -6,567,992 -54,090
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Due to the foundation of the National Fund of Kazakhstan, extra revenues from income tax collected from the companies working in production of raw materials (Tengizchevroil JV LLP, Kazakhoil-Emba OJSC, plan - KZT11.8 bn) are transferred to the National Fund (when the plan is not meet, the backwards mechanism is launched, the Fund compensates for the losses of the budget). Moreover, from January 1, 2001 transfers at 10% of expected income tax revenues from legal entities should be transferred to the Fund from the regional budget.
Tax revenues account for the biggest proportion of the budget revenues, which increase each year both in monetary terms and in percentage. Thus, if in 1998 tax revenues amounted to KZT4.1 bn, or 84.4% of all revenues, in 1999 - KZT16.4 bn, or 97.1%, in 2000 - KZT44.5 bn, or 98.5%, in I half of 2001 - KZT27.6 bn, or 98.8% of the revenues of Atyrau region's budget.
In 2000 forecasted figures on major sources of budget revenues were met with excess, which was caused by an increase in world oil prices, industrial and agricultural output volumes, and general level of prices on industrial products, improvement of financial discipline and reduction in mutual debt of the enterprises, increase in wages in 2000 (58.2% to 1999), improvement of taxation (as a result, missed amounts decreased from almost KZT1.3 bn in 1999 to KZT0.8 bn in 2000 relative to the revenues of the regional budget).
Main source of tax revenues is income tax from legal entities (in 1998 - 13.0%, in 1999 - 23.2%, in 2000 - 57.5%) and from private persons in 1998 - 12.1%, in 1999 - 27.5%, in 2000 - 17.5%).
Budget revenues mostly depend on the prices of crude oil and its production volumes. The major taxpayer is Tengizchevroil JV LLP, whose proportion reached 55.2% of all revenues in 2000 (in 1999 - 33.6%, in 1998 - 38.3%). The proportion of Kazakhoil-Emba OJSC in 2000 - 11.9% (in 1999 - 8.2%, in 1998 - 7.8%). As a whole, budget revenues of these two companies amounted to KZT30.2 bn, or 67.1% of total revenues of the region.
EXPENSES
Beginning from 1999, after official transfers (budget withdrawals) to national budget (in 1999 - 40.5% of all expenses, in 2000 - 37.2%, plan for 2001 - 60.0%) the biggest share of budget expenses belongs to education (in 1998 - 40.1%, in 1999 - 17.9%, in 2000 - 11.0%, plan for 2001 - 10.3%), health (in 1998 - 9.0%, in 1999 - 9.7%, in 2000 - 11.3%, plan for 2001 - 5.0%), social insurance and protection (in 1998 - 28.1%, in 1999 - 6.7%, in 2000 - 2.5%, plan for 2001 - 4.1%), housing (in 1998 - 3.6%, in 1999 - 7.9%, in 2000 - 15.3%, plan for 2001 - 13.9%), transportation and communication (in 1999 - 7.0%, in 2000 - 10.3%, plan for 2001 - 3.2%).
Till 1999 Atyrau region was not obliged to make official transfers to the national budget. For 2001, based on the Law of Kazakhstan, dated April 25, 2001, "On making changes and amendments to the Law of Kazakhstan "On national budget for the year 2001" absolute amount of budgetary withdrawals for the region was set at KZT28,789,886 th., which is 69.5% of all revenues of Atyrau region's budget.