The deficit of the national Fund: in January, the spending is 10 times higher than the income

fae17467010b0f2df79a279b50b15d90 600x400 - The deficit of the national Fund: in January, the spending is 10 times higher than the income

the January expenses of the Fund significantly exceeded income in it

The volume of the latter amounted to only 55.2 billion tenge, whereas a year ago it was 115.4 billion, that is 2.1 times more.

The main adverse impact of a sharp decline in the income of the Fund of direct taxes from oil sector organisations – in 2,1 times, or by 58.3 billion tenge.

Among other sources of replenishment of oil “potbelly” in January, we can only note the 5 billion tenge, received for the account of receipts and income not prohibited by law.

Interestingly, the article, including administrative fines, penalties, sanctions, penalties imposed on the organizations of oil sector, is minus 2.3 billion tenge. That is

it turns out that the money returned fined previously for oil companies

In the January expenses are 575 billion tenge listed in the national budget as guaranteed transfer.

Data for the national Fund on February 1,

p/p

Name

The sum, thousand tenge

1

2

3

1.

The National Fund (hereinafter the Fund) at the beginning of the reporting period (cash execution), only:*

27 040 532 435

2.

Income total:

55 187 338

including:

— direct taxes paid by the organizations of oil sector (excluding taxes payable to local budgets)

51 007 426

including:

corporate income tax

39 917 187

excess profit tax

bonuses

7 546

tax on extraction of mineral resources

5 649 983

rent tax on export

255 024

the share of the Republic of Kazakhstan on production sharing under the concluded contracts

177 5 535

Additional payment of subsoil user carrying out activities for the contract on production section, and alternative mining tax from the organizations of oil sector

151

— other income from transactions carried out by the organizations of oil sector (excluding receipts paid to local budgets)

-854 482

including:

administrative fines, penalties, sanctions, penalties imposed by the Central state bodies, their territorial subdivisions on the organizations of oil sector

-2 319 846

other fines, penalties, sanctions, charges imposed by state institutions financed from the Republican budget to the organizations of oil sector

111 763

the funds received from the natural resources on claims for damages by the organizations of oil sector

1 353 601

other non-tax revenues from the organizations of oil sector

— revenues from privatization of Republican property

21 034

the income from the transfer to the competitive environment assets of national managing holdings, national holdings, national companies and their subsidiaries, affiliates and other legal entities affiliated with them, in the manner and according to the list determined by the Government of the Republic of Kazakhstan

— proceeds from the sale of agricultural land

13 360

— investment income from Fund management

— the return of the guaranteed transfer from the national budget

— return target transfers from the national budget

— other receipts and income not prohibited by the legislation of the Republic of Kazakhstan

5 000 000

3.

Use only:

575 064 761

including:

— guaranteed transfers

575 000 000

— target transfers

— expenditures related to Fund management and annual external audit

64 761

4.

The Fund at the end of the reporting period, total:

26 520 655 012

Note: *taking into account investment income for 9 months of 2019, according to the approved report of the National Bank of Kazakhstan for the 3rd quarter of 2019 for trust management of the national Fund

The Calculations Of The National Bank

Statistics National Fund assets in dollar terms, leading the national Bank. From the January data show a decline from the beginning of the year by 1%, or $635 million, But in annual terms, i.e. in comparison with last year’s data of February 1, developed increase of 2.8%, or $1 billion 648 million

Assets of the National Fund of Kazakhstan, at the end of the period

Volume, million USD

Change to previous month, %

Change YTD, %

01.2018

59 350

1,74

1,74

01.2019

59 467

2,55

2,55

02.2019

60 448

1,65

4,24

03.2019

60 531

0,14

4,39

04.2019

60 942

0,68

5,10

05.2019

59 681

-2,07

Of 2.92

06.2019

59 938

0,43

3,36

07.2019

59 864

-0,12

3,24

08.2019

59 547

-0,53

2,69

09.2019

59 336

-0,29

2,32

10.2019

59 906

0,96

3,31

11.2019

60 445

0,90

4,24

12.2019

61 750

Of 2.16

Of 6.49

01.2020

61 115

-1,03

-1,03

Source: the national Bank of Kazakhstan

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