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
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »