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Ministry of Finance
and International Ratings
148 countries)
155 countries)
@mf_kz
2008 2009 2010 2011 2012 2013
6152
3926
18
Rate – 28,6% (-12,5%)
Number of payments– 7 (-2)
Time – 188 hours (-82 hours)
Indicator «Taxation» of
«Doing Business» rating
Positive result is achieved by:
Amendments to Tax Code
Start of Web applications «Taxpayer cabinet»
Tax form reduction
Introduction of Tax account processing system (TAPS)
establishment of data utilization center (DUC)
Ticket system introduction into DUC
E-services expansion
TF
@mf_kz
2
Global Competitiveness Index «State debt»
2007 2008 2009 20122010 2011 2013
@mf_kz
3
4
13 %
107 %237 %
171 %
11 %
Note: data for October, 2012.
State debt to GDP, in %
38 %
91 %
22 %
@mf_kz
4
2008 2009 2010 2011 2012 2013
100
54 49 55 55 54
Term – 1,5 years
Expenditures – 15 %
Debt recovery– 43,2 % (+2,6)
INDICATOR «SETTLEMENT OF INABILITY TO PAY» of
«DOING BUSINESS» RAITING
accelerated procedure introduction of and of rehabilitation procedure improvement
in administrative barriers reduction
creditors rights expansions
introduction of cameral control on identification of the deliberate and false bankruptcy
Improvement of a position is reached by a way:
54 places
from 180
countries
@mf_kz
5
Budget transparency progress
2008 2010 2012
35 3848
Done work:
• publication of civil budget in
the format clear, intelligible
segment of the people
• explanations in info
graphic look
Index of budge transparency (OBI) is made by the International budgetary partnership
OBI purpose – assessment of public availability of budgetary information, reflection of degree of
involvement of society into the budget process and its social orientation
3places
among
CIS
Further work on increase of budget transparency:
• draft budget publication for a public review
• publication of frequently asked questions at report discussion in Parliament
• forum development
• feedback:
forum, twitter, Facebook
@mf_kz
6
2008 2009 2010 2011 2012
106107 102
7775
SQI EFF indicator
«Customs duties burden»
Positive result will reach as a result:
reductions of the list of obligatory documents to 3 (three) main documents
introduction and AEB institute improvement
reductions of terms of registration due to use of automated RMCS
introductions of integrated customs control on border
abolition of institute of licensing in activity of customs authorities@mf_kz
7
Indicator «Ratio of auditing and reporting standards»
Done work:
legislation change according to recommendations within ROSC
creation of Depositary of financial statements for the organizations of public interest
introduction and distribution of IFRS and MSA, IFRS for PMSB
Training, seminars, round tables, the approval of the National standard of financial statements for support of small business
Planned measures on
indicator improvement:
changes of system of
regulation of auditor activity
on the principles of
requirements of the
International federation of
accountants, European
directives
introduction of self-
regulation and cancellation of
licensing of auditor activity
@mf_kz
8
2009 2011 2013
Strategic objectives: Achievements
STATE DEBT DEDUCTION AT ACCEPTABLE LEVEL
IMPROVEMENT OF QUALITY OF TREASURY SERVICE
EFFICIENCY OF BANKRUPTCY AND IMPROVEMENT
MANAGEMENT OF STATE PROPERTY
INTERNATIONAL COOPERATION AND INTERNATIONAL LEGAL ACTIVITY
@mf_kz
RK NATIONAL FUND NCREMENTS OF ASSETS
We reached :1111
1
ENSURING LOAN GRANTING FROM THE REPUBLICAN BUDGET
9
10
4,4Trillion
tenge
RB Deficiency
2013 – 2,1% to GDP
GS Issue for 2013 –
982,5 billion tenge
GS Buyers in 2013:
NPF - 512,9 billion tenge
indexed to inflation – 240,9 billion tenge
short-term – 6,3 billion tenge
medium-term – 37,7 billion tenge
long-term – 228,0 billion tenge
Banks – 227,5 billion tenge
short-term – 85,8 billion tenge
medium-term – 71,5 billion tenge
long-term – 70,3 billion tenge .
Other - 242,1 billion tenge
indexed to inflation – 151,0 billion tenge
short-term – 16,8 billion tenge
medium-term – 35,0 billion tenge
long-term – 39,3 billion tenge
Direction: STATE DEBT DEDUCTION AT ACCEPTABLE LEVEL
Indicator of state debt is in a zone of admissible
values. State debt limit for the HARDWARE countries –
50% GDP EU – 60%GDP.
Debt burden (service/income):
Fact 9,7% Limit 10-15%
13,2%
Internal debt
of GRK
3,6 trillion
tenge
Internal
debt of GRK
0,8 trillion
tenge
Debt of LG
and NB
0,02 trillion
tenge
State debt / GDP
@mf_kz
in%
GD
P
11
Effect for economy
Expenses reduction on loans
Trade activization in domestic market
Pressure decrease on liquidity of domestic market
Standard creation for the Kazakhstan companies
Direction: STATE DEBT DEDUCTION AT ACCEPTABLE LEVEL
Realization mechanism
GS integration by repeated issue
Issue of eurobonds in capital foreign markets
Task
Domestic market activisztion
Financing of deficiency of republican budget in full
@mf_kz
Index2013,
billion tenge
Revenue 3 432,3
Use 1 412,0
The rest on
01.01.2014г.
(operational data,
without taking into
account on
invested income)
12 466,8
Relation of the RK National fund to GDP for 2010-2013.
The purpose – finishing of assets of RK National fund by 2020 to level not less than 30% to GDP
189.8
12,466.8
0
5000
10000
15000
2001 2005 2009 2013
Funds of the National Fund of the Republic of Kazakhstan (2001-2013), billion tenge
Direction: FORMATION AND USE OF ASSETS OF NATIONAL FUND
OF THE REPUBLIC OF KAZAKHSTAN
@mf_kz
12
2010
NF
26,5
% 2013
value
NF
36,2
%2012
NF
34,7
%2011
NF
29,3
%
13
LOAN GRANTED FROM THE REPUBLICAN BUDGET IN 2013
61,8billion tenge
60,0billion tenge
Support of subjects of agrarian and industrial complex- carrying out spring field and harvest works;working capital financing purchase of agricultural productionrefinancing of obligations for the loans attracted on purchase of agricultural production;- microcredit organizations
- Business in monotowns"With the diploma to the village"Microcredit within the Employment 2020 ProgramConstruction and housing acquisition within the Affordable Housing 2020 Program
Local Governments
Credit portfolio on 01.01.2014 –
464,3 billion tenge
Loans –
117,2 billion tenge
@mf_kz
13
121,8 billion tenge
14
Direction: RESTORATION OF SOLVENCY OF THE COMPETITIVE ENTERPRISES
(IMPROVEMENT OF THE LARGE ENTERPRISES)
The program of post-crisis restoration
(improvement of competitive enterprises) for
2011-2016 is approved by the Resolution of
GRK dated March 4, 2011 No. 225.
Reception of applications for participation in the
Program is finished on April 1, 2013.
63 companies are recognized by
participants of the Program, practically from all
regions of Kazakhstan and representing a wide
range of branches of economy.
Subsidies from RB:It is paid:
2011-2013 – 18 billion tenge
It is put:
2014-2016 – 57,6 billion tenge
The output of products, the
performed works and services:- for the beginning of implementation of the plan
of rehabilitation of 253 billion tenge
- for the end of implementation of the Program –
397 billion tenge
EFFECT by the end of 2016:
keep 17,7 thousand workplaces,
tcreate 5,5 thousand workplaces
satisfy 160,2 billion tenge of debt or
for 51%, thereby to improve quality of
assets of second –tier- bank
@mf_kz
0
50
100
150
200
250
300
350
2013 2014 2015 2016for the begining
of subsidies
4
8
9
2011 2012 2013
2013 – 54 places
(2012 – 55)
1 among CIS
The new Law in the
sphere of rehabilitation
and bankruptcy
is directed on:
preservation and
business development
prevention of a
conclusion of the property
received by an illegal way
increase of collection
of debt by the creditor
decrease in expenses
for carrying out procedure
of bankruptcy
186
It is involved
in rehabilitation in
2013
Repayment coefficient
of creditors requirements
It is liquidated in
2013
Direction: BANKRUPTCY EFFICIENCY
@mf_kz
15
Direction: IMPROVEMENT OF QUALITY OF TREASURY SERVICE
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16
17
Direction: STATE PROPERTY MANAGEMENT
• Subjects of municipal property + 1090
- public institutions + 451
- state enterprises + 368
- Joint stock company, LLP with state
participation + 271
In comparison with 2010 the number of subjects of quasi-public sector
and public institutions grew on 1358, including:
• Subjects of republican property + 268
- public institutions + 287
- state enterprises - 40
- Joint stock company, LLP with state
participation + 21
@mf_kz
15 620
PI municipal
505
LLP
3 436
PI republican
5 647
SE municipal
205
JSC
289
SE republican
Total in
2013
25 702 subjects
18
The local governments sold:
- 20 state shares
- 12,7 thousand sq.m. of the
excessive areas
- receipts from sale made – 393,6million tenges
The Ministry of Finance sold:
- 3 state shares
- 0,7 thousand sq.m of the excessive
areas
- receipts from sale made – 345,4million tenges
It is recommended to privatize
Municipal property:
151 subjects of the quasi-public sectors
224 thousand sq.m. of the excessive areas
Republican property:
10 subjects of quasi-public sector
37,5 thousand sq.m. of the excessive areas
FIRST STAGE of PRIVATIZATION (2013-2014)
IMPLEMENTATION OF DECISIONS OF THE COMMISSION ON QUESTIONS OF
OPTIMIZATION OF SUBJECTS OF QUASI-PUBLIC SECTOR AND OBJECTS OF
THE STATE REAL ESTATE
Measure accepted as of today
@mf_kz
19
State
functions/services
No
competition
Safety
State
programmes
STATE PROPERTY
PARTICIPATION IN DEVELOPMENT OF THE COMPREHENSIVE
PROGRAM OF PRIVATIZATION FOR 2014-2016
Mechanisms of
reduction of state
participation:1) Auction;
2) Commercial
tender;
3) Trust management
(with the right of the
subsequent
repayment);
4) Stock exchange;
5) Additional
emission
6) Trust management
(without the right of
the subsequent
repayment);
7) Rent;
8) Reorganization by
merge;
9) Elimination.
Criteria of preservation in state ownership
of subjects of quasi-public sector
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20
№ Proposed Sq.m. Performed Sq.m.
1 under social objects 107 000 transferred 22 300
2 on privatization 262 000 sold 13 500
3 for SI and SE placement 91 000 placed 44 200
Total exessive areas : 460 000 80 000
RESULTS OF AUDIT OF THE STATE REALE STATE OF REPUBLICAN
PROPERTY IN 18 456 STATE LEGAL ENTITIES
@mf_kz
The Ministry of Finance jointly with local executive bodies
revealed
520 thousand sq.m of the excessive areas
60 thousand sq.m. aren't
coordinated and will be
considered at Commission
meeting
The commission on questions of optimization of
subjects of quasi-public sector and objects of the
state real estate approved audit results
on 460 thousand sq.m of the excessive areas
INTERNATIONAL COOPERATION AND INTERNATIONAL LEGAL ACTIVITY
OF THE MINISTRY OF FINANCE OF PK IN 2013
16 agreements were signed
37 agreements were developed
IFO(12)
Foreing state (8)
Agglomerative tendencies (2)
Borrowing (2)
Financial inteligence (2)
Customs (1)
Tax (1)
General cooperation (3)
In spheres
Signed (9) and ratified (13)
international contractsCooperation with IFO
Membership dues in
2013.
received investments in
2013, mln. dollars of the USA
ADB $ 496 million
EBRD 500
EDB 114
IBRD 23
IBD
IDA
5,5
0,8
7,8
0,9
Fees
Investments
21
@mf_kz