Parliament approves changes in the budget 2004 in the 1st reading

/Kazakhstan today, June 1, 04/ - The parliament of Kazakhstan has approved changes in the national budget 2004 in the first reading. 35 senators and 68 mazhilismen have voted for this decision, 2 lower chamber deputies have voted against it, KZ-today correspondent reports from Astana. Earlier it was reported that the government having analysed last year economic development results, the economic condition in the current year, and on the basis of tasks, posed by the president in his annual address to the nation of Kazakhstan, had corrected macroeconomic figures for 2004 towards increasing the speed of economic growth and income growth, in accordance with which this draft law has been prepared. The adjusted volume of returns in the national budget is expected in an amount of KZT 934,306,555 thousand or with a growth by KZT 58,410,334 thousand against the same line in the approved budget. The incomes are planned in an amount of KZT 846,823,861 thousand or with a growth by KZT 55,517,697 thousand against the same line in the approved budget. The tax returns are planned to be increased by KZT 45,145,996 thousand or with a growth by 6.3%, which will make KZT 762,504,877 thousand, mainly at the expense of lump sum returns from oil & gas extraction and processing ventures, including KZT 20,910,481 of the income taxes. Returns from officially received transfers are suggested to be established in an amount of KZT 69,870,048 thousand or with a growth by KZT 2.9 billion against the same line in the approved budget. The planned national budget gap is supposed to be maintained at the level of previously approved amount of KZT 92,663,000 thousand. The volume of costs and crediting in the national budget 2004 is planned in an amount of KZT 1,026,969,555 thousand or with a growth by KZT 58,410,334 thousand against the same line in the approved budget. The costs in the national budget are planned in an amount of KZT 977,897,923 thousand or with a growth by KZT 47,245,739 thousand against the same line in the approved budget. The second reading of the draft law is due to take place Friday, June 4. [2004-06-01]