Hot news:
Beetles devour George Harrison tribute tree MH17 black boxes to be sent to UK lab: Malaysia S. Korean police slammed over ferry tycoon's body In the footsteps of a great Kazakh traveler Kazakh tycoon's legal team doubt French justice Kazakhstan and Kyrgyzstan exchange blows as latter prepares to join Customs Union Kazakh students meet Chinese President Ilya Ilyin of Kazakhstan 99.9% sure about getting 4th World Championship gold Houdini challenged by Kazakhstani illusionist Life in once flooded Kokpekty village goes on Formula One: S.Africa's Kyalami track to be sold Netherlands no longer biggest investor into Kazakh economy Indonesia's Prabowo to challenge election result in court Heatstroke kills three in Japan, thousands hospitalised Central Bank Governor advises against borrowing Canada expels 20 Hungarians for human trafficking Only one place to swim in Astana Gaza rocket halts Israel flights as foes resist truce efforts New NATO commander for Europe takes over Kazakhstan-based car makers facing obstacles to car exports to Russia Malaysia Airlines plane brought down by mistake: US intelligence officials Four children, two adults killed in France minibus crash Qatar emir in surprise Saudi visit, holds talks on Gaza Chrysler to recall 792,300 SUVs for ignition problem Geneticists find 100+ DNA pointers for schizophrenia Colombia posts lowest murder rate in 10 years: officials Encephalitis kills 60 in eastern India in fortnight Taiwan battens down for Typhoon Matmo Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions Air Astana conducts first flight to Ukraine since MH17 crash I was in the air over Ukraine when Malaysia Airlines plane crashed: Netherlands ambassador to Kazakhstan Central Bank Governor on prices for real estate at the threshold of EXPO-2017 Turkey arrests more than 50 senior police officers: TV Here's sellin' to you, kid. Casablanca piano up for sale Body of Honduras journalist found; 45th killed since 2003 Deal reached over US gynecologist who secretly taped patients Muslim rebel attacks kill 18 in Philippines: military Accused Android app pirates face criminal charges Texas governor to send 1,000 troops to Mexico border US court makes first conviction in Boston attacks Tazhayakov's lawyer presents no witnesses Monthly average shopping expenses revealed in Kazakhstan Tazhayakov avoided Tamerlan Tsarnaev: FBI Tsarnayev knew how to make bombs: Tazhayakov S. Korea police find body of fugitive ferry owner Kazakhstan announces grain exports figure Brazil construction magnate Norberto Odebrecht dies at 93 N. American box office goes bananas for 'Apes' Russian steelmaker Severstal announces sale of US plants Little boy dragged to death outside hijacked car in S.Africa Lost toddler saved by dog in forest Kazakh helicopter squadron completes tactical flight exercises Astana Opera soloists to perform in Italy Tazhayakov's father accuses FBI agent of false testimony Mountain race ends in tragedy in Kazakhstan's Almaty Three injured in oil refinery fire in western Kazakhstan Russia & Kazakhstan quid pro quo on Baikonur Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Harmony Lessons actor runs away from orphanage Hailstorm in Ust-Kamenogorsk in July Kazakhstan ranked 8th out of 85 countries at 45th International Physics Olympiad Rebels move MH17 air crash bodies as US accuses Russia Weather is not affected by rocket launches: Kazakh Minister of Emergency Situations Kazakhstan to host 2016 AIBA Women's World Boxing Championships Turkey willing to join free trade area with Customs Union Akon on food, female beauty in Kazakhstan Ukraine risks repeating Afghanistan scenario: Kazakh analyst Industrial State Program had little effect on Kazakhstan's economy: Nazarbayev Prince George, 'style icon', to celebrate first birthday Kazakhstan ranks 79th in Global Innovation Index 2014 Philippine sect opens 'world's largest indoor arena' Kazakhstan and EU negotiate new Partnership and Cooperation Agreement Instructor to appear in India court over alleged child rape China shuts meat factory supplying McDonald's, KFC 'Maverick' star James Garner dies Sky News apologises for rummaging through MH17 luggage Mediterranean migrant boat death toll rises to 30 Xi seeks energy deals in Venezuela Battle for Libya airport leaves at least 47 dead Obama calls for immediate truce as Gaza toll soars US warns against 'pure caffeine' after teen dies Tennis: Kazakhstani Zarina Diyas gets in WTA Top-100 Facebook wants to beam the Internet from the sky Australian mogul Packer gives away $188 million

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation

Sunday, 23.03.2014, 12:34
Comments (0)
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
Minister of Economy and Budget Planning Erbolat Dosayev. Photo a courtesy of tengrinews.kz
Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget, Tengrinews reports.

“We advise to increase the government reserve by $250 million to ensure timely response to emergency situations arising from fluctuations of the economy,” the Minister of Economy and Budget Planning Yerbolat Dosayev suggested at the meeting of the Cabinet.

To compensate the losses connected with the recent devaluation of tenge by nearly 20%, the government increased the projected state expenditures by $221 million. The projects that require immediate financing will be compensated the exchange rate difference. If required, similar measures will be taken into consideration for other projects in the budgeting for 2015-2017.

Minister Dosayev added that the anticipated export would equal to $86.3 billion and import to $52.3 billion. The iInflation rate is to remain at the anticipated 6-8 percent. “Due to the increase of the exchange rate to 185 tenge per one dollar, the transfer from the National Fund approved for 2014 will amount to 8.1 billion (instead of $7.5 billion approved for 50 tenge per one dollar currency rate). The inflow in the state budget is expected to make $34 million in 2014. The budget income (without transfers) with the $1.8 billion increase is expected at $23 billion,” Dosayev reported at the meeting.


By Assemgul Khassenova
Views: 2    Comments: 0
preloader
Add a comment
preloader

2014
2008
2009
2010
2011
2012
2013
2014
July
January
February
March
April
May
June
July
August
September
October
November
December

News
Archive

Mo Tu We Th Fr Sa Su
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31

Feature stories

Поделиться:
Kazakhstan Government increases reserve fund by $250 million after tenge devaluation
http://en.tengrinews.kz/userdata/news_en/2014/news_26628/thumb_b/photo_38214.jpg
http://en.tengrinews.kz/finance/Kazakhstan-Government-increases-reserve-fund-by-250-million-after-tenge-26628/