The Senate Committee on Finance and Budget held an extended session to discuss the bill “On Making Amendments to the Law “On Guaranteed Transfer from the National Fund of the Republic of Kazakhstan for 2020-2022”.
Chair of the Committee Olga Perepechina informed that the bill sets the guaranteed transfer from the National Fund to the republican budget for 2020 in the amount of 4,770 billion KZT.
As explained by senators, the bill allows to ensure the stability of government revenues and expenditures, which will promote the implementation of budget investment projects and achievement of the anticipated parameters of the national economy development.
At the session, the Committee also reviewed the bill “On Making Amendments and Additions to the Law of the Republic of Kazakhstan" On the Republican Budget for 2020 – 2022”.
According to deputies of the Senate, the republican budget is being adjusted for funding efforts to combat coronavirus, ensure economic stability, support the real sector of the economy as part of the government programs “Nurly Zhol” and “Nurly Zher”, develop the agro-industrial complex and industrial and the industrial-innovative development program.
The Committee on Finance and Budget submits these bills to the House for consideration.