Mazhilis presented the draft project of the republican budget for 2017-2019. It was presented by the Minister of National Economy and the Finance Minister. Kuandik Bishimbayev reported on the planned transfers from the National Fund. They will make up more than 440 billion tenge next year. The major part of them will be spent on for the implementation of "Nurly Zhol" program, including industrial infrastructure, repair heat and water supply networks, and construction of schools. The remaining funds will be used for housing. At the same time, according to the President’s instruction, priority of the budget allocations will be agriculture, industrialization, development of small and medium-sized businesses, transport and social infrastructure.

 

KUANDYK BISHIMBAYEV, KAZAKH MINISTER OF NATIONAL ECONOMY:

A special commission was established on behalf of the President for the control of application of funds from the National Fund. We conduct clear monitoring. We will closely monitor and carefully study all the operations and report to the Prime Minister and the Head of State.

 

The forecast for the socio-economic development of the country was made at the rate of 360 tenge per dollar strengthening to 340 tenge in the next three years. And the price for a barrel taken as the basis reaches $45 in 2021, according to the plan. Positive forecasts for GDP growth and that per capita are expected to reach 10,000 U.S. dollars. It is planned that the inflation rate in five years will decrease by half.

 

In turn, parliamentarians expressed concern about the minimum wage level.

 

MUKHTAR TINIKEYEV, MEMBER OF MAZHILIS, LOWER HOUSE OF KAZAKH PARLIAMENT:

What are 24,000? I understand when the minimum pension is 28,000, and children help parents, lonely old people eat less than young people. But 24,000 is no good! What are your assumptions, when you calculate the minimum wage?

 

BAKHYT SULTANOV, KAZAKH MINISTER OF FINANCE:

There was a time when the minimum wage was below the subsistence level. Finally, we have leveled it up in recent years; further increase will depend on the budget. We equated all social benefits to the minimum subsistence level. Therefore it is necessary to look at the budget possibilities.

 

Another issue was the provision of drinking water to the villages. According to deputies, the funds provided for the program "Ak Bulak" is not sufficient. The Ministry of Economy said it will consider the opportunity of allocation of additional funds for its implementation. There were many comments and suggestions from the meeting participants. Parliament will continue discussing the country’s main financial document at the next meeting on 22 September.

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