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The Law «On the Republican Budget for 2024 – 2026» was presented in the Senate

02.11.2023 285

The presentation of the Laws «On the Republican Budget for 2024-2026» and «On a Guaranteed Transfer from the National Fund of the Republic of Kazakhstan for 2024-2026» took place in the Senate of the Parliament of the Republic of Kazakhstan. The senators reviewed the draft republican budget and discussed the main directions of budget expenditures for the coming period.

Vice-Ministers of Finance Abzal Beisembekuly and National Economy Azamat Amrin made reports.

During the presentation, the Vice Minister of Finance said that the main share of budget expenditures falls on the social sphere and will amount to more than 40% of total budget expenditures in 2024. Thus, within the framework of the Program for Increasing Incomes of the Population, 129 thousand jobs will be created and wages will be increased for 1.5 million people. 556 primary health care facilities and 160 new schools for 163 thousand student places will be built and opened. The Vice Minister noted that it is planned to put into operation 417 thousand square meters of housing. Almost 7 thousand families will have their living conditions improved.

In turn, the Vice Minister of National Economy spoke about three main tasks in determining the parameters of the republican budget and the National Fund. The first of them is to ensure the stability of budget parameters and strengthen the savings function of the National Fund. The second is the assessment of possible risks of fiscal policy in the medium and long term. And the third is the balance of the targets of public finances.

The event was also attended by Deputy Chairman of the Senate of the Parliament Olga Perepechina, deputies of the Chamber, Deputy Chairman of the National Bank Akylzhan Baimagambetov, representatives of Ministries and the quasi-public sector.

Let us note that these Laws will be discussed in the Senate at working groups and Committee meetings, and subsequently submitted to the Chamber for consideration.

(Press service of the Senate, 74-72-27. Photo by – A. Baizhumanov)

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