At the Government session chaired by the Prime Minister Askar Mamin, the results of socio-economic development and implementation of the republican budget for January-July 2019 were summed up.

Minister of National Economy Ruslan Dalenov reported that, according to the results of seven months of 2019, the positive dynamics of GDP was maintained, the growth was 4.2%.

“The dynamics is ensured by acceleration in industry, construction and services, as well as a steady pace in agriculture and investment in fixed assets,” Dalenov said.

According to the Ministry of National Economy, investment dynamics are ahead of GDP growth rates, their growth amounted to 11.3%. Investments in agriculture increased (by 61.4%), construction (by 46.3%), trade (by 23%) and industry (by 18.9%).

Industrial production in January-July 2019 increased by 2.7%. In January-July 2019, there was a positive growth trend in construction (by 11.5%), trade (by 7.5%), transport (by 5.4%), agriculture (by 3.5%), industry (by 2.7%) and communication services (by 2.6%).

The head of the ministry emphasized that in general, following the results of 7 months, there has been a maintenance of positive dynamics in many indicators.

At the same time, Dalenov drew the attention of central and local executive bodies to ensuring the growth of key economic indicators, monitoring investment projects, maximizing the season for construction and agricultural work, and strengthening inflation control.

First Vice Minister of Finance Berik Sholpankulov reported on the results of the execution of the state budget for 7 months 2019. During the reporting period, the growth of state budget revenues amounted to 114.5%, the republican — 118% and the local budget — 106%.

Sholpankulov said that the disbursement of funds at all levels of budgets has improved compared to 2018.

During the reporting period, the state budget revenues received 4 trillion. 984 billion tenge or 103.6% of the plan.

Republican budget expenditures were disbursed by 98.9%. Under the Nurly Zhol State Program for 2019, 555 billion tenge was provided, as of Aug. 1, 2019, 272.5 billion tenge was spent.

Berik Sholpankulov also reported on the ongoing work on state audit and cameral control. So, in the reporting period, 719 billion tenge of budget funds were audited. According to the audit, financial irregularities totaling 121 billion tenge were identified. During the audit, violations for 114 billion tenge were eliminated, including 7 billion tenge recovered, 2 billion tenge refunded, and 105 billion tenge reflected in accounting. In turn, cameral control covered 1 million public procurement procedures totaling 6 trillion tenge. As a result, violations for 379 billion tenge were timely warned.