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LAW OF THE REPUBLIC OF KAZAKHSTAN

of December 6, 2007 No. 8-IV-ZRK

About the republican budget for 2008

(as of October 24, 2008)

Article 1. Approve the republican budget for 2008 according to appendix 1 in the following amounts:

1) the income - 3 329 710 114 thousand tenges, including on: to tax revenues - 2 103 413 632 thousand tenges; non-tax postupleniyam51 805 329 thousand tenges; to sales proceeds of fixed capital - 8 544 482 thousand tenges; to receipts of transfers - 1 165 946 671 thousand tenges;

2) costs - 2 716 038 820 thousand tenges;

3) operational balance - 613 671 294 thousand tenges;

4) net budget crediting - 50 045 039 thousand tenges, including:

budget credits - 55 995 111 thousand tenges;

repayment of budget credits - 5 950 072 thousand tenges;

5) balance on transactions with financial assets of 897 980 455 thousand tenges, including:

acquisition of financial assets - 899 480 455 thousand tenges; sales proceeds of financial assets of the state - 1 500 000 thousand tenges;

6) deficit-334 354 200 thousand tenges, or percent 2,1 to country gross domestic product;

7) budget deficit financing - 334 354 200 thousand tenges.

Article 2. Provide in the republican budget for 2008 of receipt of the rents for use of the Russian Federation of the Baikonur complex in the amount 13 972 500 thousand tenges and proving grounds in the amount of 3 011 499 thousand tenges.

Article 3. Approve the amounts of receipts in the budget for 2008 sent to National fund of the Republic of Kazakhstan according to appendix 2.

Article 4. Determine that are enlisted in the income of the relevant budget:

by the Royalty code of classification of the income of single budget classification - debt of subsoil users to Republican fund of protection of subsoil and reproduction of mineral resources, and also the amount of the historical costs incurred by the state for geological studying of contract areas which are compensated by the subsoil users operating these fields based on contracts for subsurface use;

by the Social tax code of classification of the income of single budget classification - debt on the fees which were earlier listed in the Pension fund, the State center for pension payment, Fund of compulsory medical insurance, Fund of the national social insurance, Fund of assistance of employment, and also the expels of users of highways which were earlier arriving in Road fund.

At the same time the taxpayers performing activities for the contracts for subsurface use signed in the procedure established by the legislation of the Republic of Kazakhstan till January 1, 2004 in which guarantees of stability of tax regime are provided reduce the above-stated assignments or the social tax by the amount of contributions to the State Social Insurance Fund estimated according to the Law of the Republic of Kazakhstan "About compulsory social insurance";

by the "Gasoline (Except for Aviation) Self-produced, Realized by Producers Wholesale" code - debt on the collection from gasoline which was earlier arriving in Road fund;

by the "Self-produced Diesel Fuel Realized by Producers Wholesale" code - debt on the collection from diesel fuel which was earlier arriving in Road fund.

Article 5. The negative balance formed as of December 31, 1998 as a result of excess of the amounts of the temporary disability benefits added by employers, to pregnancy and childbirth, in case of the child's birth, on burial, paid from Fund of the national social insurance, over the added amount of contributions to the specified fund, is monthly set off on account of payment of the social tax within 3 percent from salary fund.

Article 6. Provide in the republican budget for 2008 amounts of the budget withdrawals from regional budgets, budgets of the cities of Astana and Almaty in the republican budget in the amount of 81 752 134 thousand tenges, including:

Atyrau - 15 467 703 thousand tenges;

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