State budget 2025: incomes are growing, social obligations are being fulfilled

Today, a Government meeting was held under the chairmanship of Prime Minister of the Republic of Kazakhstan Olzhas Bektenov, dedicated to the results of the execution of the state budget for the first half of this year. In his speech, Minister of Finance of the Republic of Kazakhstan Madi Takiev reported on the main results in the field of public finance management.

According to the results of the first half of the year, the state budget revenues amounted to 11 trillion tenge, which corresponds to 105% of the plan. The republican budget has been executed by 100.5%, with over-fulfillment of more than 31 billion tenge, secured by receipts from VAT on imports, export duties on oil and corporate income tax (CIT).

Local budget revenues were fulfilled by 117%, which is higher than the plan by 656.6 billion tenge, due to income from individual income tax (IIT), CPI and social contributions.

Revenue growth compared to the same period in 2024 was 118.8%. Additional revenues in the amount of 492 billion tenge are provided by measures on digitalization, analytics and tax control.

Since the beginning of the year, 768 billion tenge of VAT has been reimbursed, which is 12% more than last year. This is support for exporters, producers and farmers.

The Special State Fund received 434.3 billion tenge from assets returned to the state. These funds have funded 406 socially significant projects worth 318.1 billion tenge, including: 230 water supply and sanitation projects, 162 healthcare projects, 10 education projects, 4 sports facilities.

Government expenditures were fulfilled by 92%, including: the republican budget - 91.5%, local budgets - 96.3%. 4.3 trillion tenge was allocated from the republican budget for social support, 3.6 trillion tenge was invested in support of the regions, and 800 billion tenge was invested in the real sector.

Since January 2025, a new Law "On Public Procurement" has entered into force in Kazakhstan, aimed at improving the efficiency and transparency of budget expenditures. Significant results have been achieved in a short time. Thus, the volume of concluded contracts increased by 2 times compared to the same period last year, the number of complaints filed decreased by 30%, and the share of purchases from domestic manufacturers increased by 43%.

One of the key achievements was a sharp reduction in the time of procurement procedures (by 3-6 times). The law eliminated formal barriers and ensured equal access for businesses to participate in tenders, increasing competition and improving the quality of execution of government contracts.

The Ministry of Finance of the Republic of Kazakhstan continues large-scale modernization of automobile checkpoints. Four crossings have already been put into operation: Kaplanbek, Atameken, Kalzhat and Alakol. By the end of the year, five more will join them: Kazygurt, Tazhen, Temir Baba, Maykapchagai and Bakhty. Thus, the upgrade will cover 100% of road crossings on the external contour of the country, which will be a serious step towards strengthening logistics and trade opportunities.

Modernization is already yielding tangible results. Thus, the capacity has been increased by an average of 25%, and on the border with China by a record 37%. The waiting time for vehicles has been reduced from 9 to 3 hours. The CargoRuqsat electronic queue system has been implemented - 55 thousand drivers and 145 thousand cars have been registered. After completion of all stages of modernization, all points will be integrated into a single digital management system for the external border, ensuring security, transparency and comfort for businesses and citizens.

In addition, 672 inspections were conducted in the first half of this year as part of increased control over the effective use of budget funds and state assets. The audit covered more than 920 billion tenge. Financial violations in the amount of 310 billion tenge were revealed, of which 279 billion were eliminated, and 3.4 billion tenge were returned to the budget. Along with this, new risk profiles are being developed, including misrepresentation of financial statements, concealment of income, overestimation and misuse of funds.

According to the Minister of Finance of the Republic of Kazakhstan, despite external challenges, public finances demonstrate stability, steady income growth and effective fulfillment of social obligations.