Kazakhstan's 2005 budget deficit could widen to 1.9 percent of gross domestic product from 1.7 percent after increases in social spending promised by the president
Published:
28 February 2005 y., Monday
Kazakhstan's 2005 budget deficit could widen to 1.9 percent of gross domestic product (GDP) from 1.7 percent after increases in social spending promised by the president, the Economy Minister said on Thursday.
In his state-of-the-nation address, President Nursultan Nazarbayev promised to boost pensions, public sector wages and welfare benefits.
Nazarbayev, who has run the oil-rich Central Asian nation of 15 million with sweeping powers since Soviet times, has repeatedly said he will run for a new seven-year term in 2006.
Economy and Budget Planning Minister Kairat Kelimbetov said earlier this week that spending could rise by 100 billion tenge ($770 million).The original budget put expenditure at 1.2 trillion tenge and targeted a fiscal gap of 101.4 billion tenge.
Šaltinis:
port.kz
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Poland has received a dressing down from the European Commission
more »
First Asian targeted syndicated loan in history of Baltic banking signed by Parex banka
more »
UKRAINIAN GOVERNMENT WANTS TO CONTEST 3,000 PRIVATIZATIONS IN COURT
more »
The clients of five more banks from the HVB Group have been included in the FlashPayment system of money transfer enlarging the inter-bank network to a total of 19 banks in Bulgaria, Estonia, Latvia, Lithuanian, Russia and Ukraine
more »
Russia's antitrust authority signaled Tuesday that it might block a bid by German industrial giant Siemens to take a controlling stake in a strategic engineering company, citing national security concerns
more »
Raiffeisen Bank Polska (RBP) closed 2004 with a record net profit of zł.165.4 billion which is almost double the 2003 figure
more »
Polish bonds rose more than any other government-debt securities after a report showed inflation slowed the most since May
more »
The chambers of commerce and industry of Russia and Iran have created a Russia-Iran Business Council
more »
Bulgaria's government and government-guaranteed debt stood at EUR 7.95 B at the end of December 2004, with foreign debt accounting for 82.8% of it, the finance ministry announced
more »
Irish Prime Minister Bertie Ahern said yesterday that opening Ireland's job market to workers from Poland, when it joined the European Union on May 1 last year, has "worked out well" for both countries
more »