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 Commission has approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »