From: Vladic Ravich (vravich@sorosny.org)
Date: Wed Nov 17 2004 - 10:51:08 EST
KAZAKH PARLIAMENT PASSES 2005 BUDGET
A joint session of Kazakhstan's parliament passed the country's 2005
budget in its second and final reading on 15 November,
Interfax-Kazakhstan reported. Budget revenues are projected at 1.141
trillion tenges ($8.7 billion) and expenditures at 1.242 trillion tenges
($9.5 billion), leaving a deficit of 101.4 billion tenges ($775
million), or 1.7 percent of projected gross domestic product (GDP). 2005
GDP growth is estimated at 7.9 percent, annual inflation at 4.9-6.5
percent, and the average exchange rate at 131.7 tenges to the dollar. DK
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