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Kazakh gov’t may revise budget

Kazakh gov’t may revise budget

SOCAR’s budget payments for January 2017 (10 February 2017 11:46)

Date: 13 January 2016 10:27

The Kazakh government may adjust the parameters of the country’s budget for 2016-2018 due to falling oil prices, Kazakh finance minister Bakhyt Sultanov told reporters, Novosti-Kazakhstan news agency reported.

Sultanov made the remarks in the lobby of the Majilis ((lower chamber) of the Parliament of Kazakhstan).

“Last year, the president instructed us to consider options at oil prices worth $30-$20,” he said. “We have already worked out such options and developed response measures. Next week we will have a meeting of the council for economic policy headed by prime minister and consider these options.”

He went on to add that a decision to revise the budget may be made at the meeting.

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