Kazakh budget for 2014-2016 presented to Senate

Lena Karmazina, Vice Minister for Economy and Budget Planning of Kazakhstan, presented the budget for 2014-2016 at the Senate, Trend reports.According to the document, the nominal GDP will increase from 38.6 trillion tenge in 2014 to 66 trillion tenge in 2018, GDP per capita from $14,600 in 2014 to $24,000 in 2018. The real economic growth will total 6-7.1% in 2014-2018.Trade turnover will grow by 9.8%, transportation and communications by an average of 7%. Inflation in 2014-2016 is expected to total 6-8%.The budget will have an income of 532.3 billion tenge in 2013, 5.76 billion tenge in 2014, 6.229 billion tenge in 2015, 6,873 billion tenge in 2016.$1 = 154.25 tenge.

Lena Karmazina, Vice Minister for Economy and Budget Planning of Kazakhstan, presented the budget for 2014-2016 at the Senate, Trend reports.

According to the document, the nominal GDP will increase from 38.6 trillion tenge in 2014 to 66 trillion tenge in 2018, GDP per capita from $14,600 in 2014 to $24,000 in 2018. The real economic growth will total 6-7.1% in 2014-2018.

Trade turnover will grow by 9.8%, transportation and communications by an average of 7%. Inflation in 2014-2016 is expected to total 6-8%.

The budget will have an income of 532.3 billion tenge in 2013, 5.76 billion tenge in 2014, 6.229 billion tenge in 2015, 6,873 billion tenge in 2016.

$1 = 154.25 tenge.