Kazakh state budget’s revenues increase

Revenues of Kazakhstan’s state budget from taxes and payments increased by 1.4 times and totaled 2.659 trillion Kazakh tenges ($1=338 tenges) in January-May 2016, as compared to the same period of 2015, Finprom.kz analytical service said July 12.

The main part of the incomes – more than 2.46 trillion tenges – accounted for tax revenues, including 935.08 billion tenges of income tax and 841.42 billion tenges of taxes for commodity and services.

Proceeds of the state budget stood at 1.9 trillion tenges, while that of local budgets were 756.61 billion tenges, which are respectively 1.6 times and 1.1 times more than in January-May 2015.

Source: Trend