OREANDA-NEWS. June 06, 2014. Majilis reviewed the reports of the Government and the Accounts Committee for Control over Execution of the Republican Budget on republican budget execution for 2013 at the plenary session.

"In 2013, the budget revenues amounted to 5 trillion 180 billion tenge, the income plan was fulfilled for 100.5%," Vice Prime Minister and Finance Minister Bakhyt Sultanov delivering a report of the Government.

The Minister also said that the corporate income tax in revenues was initially planned in the amount of 42 percent, but then adjusted downward due to insufficient growth of the economy. Shortfall happened because of mining companies, CIT revenue growth was more than economic growth in all other industries, and increased by 13.6%. Taxes by 11.1 % more than in 2012 came from new industrial enterprises.

"Republican budget expenditures amounted to 5 trillion 991 billion tenge, or 99.3 percent of the plan in 2013," B. Sultanov said.