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Budget deficit to be cut down from 2.5% to 1.3% of GDP

10 may 2011, 13:10
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Photo courtesy of vesti.kz
Photo courtesy of vesti.kz
Ministry of Economic Development and Trade forecasts budget deficit will be cut down to 1.3% of the nation’s GDP by 2014, Minister Kelimbetov said at a government’s sitting today, May 5.

“As for the budget for the next three years, the budget deficit in 2012-2014 is to be cut down from $4.6 billion in 2012 to $3 billion in 2014, which is from 2.5% of the GDP to 1.3% of the GDP respectively.

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