Financing and lending of agriculture in accordance with the parameters of the Republican budget

Abstract

The article examines the main parameters of the republican budget for 2020-2022, which were approved in December 2019, in conjunction with the forecast indicators of socioeconomic development of Kazakhstan for 2020-2024, taking into account the updated forecast of macroeconomic indicators for 2020. It was revealed that the need to clarify the forecast budget indicators is caused by the current deterioration of the economic situation both within the country and abroad due to the global crisis associated with the massive spread of the coronavirus pandemic. It was noted that the main factors for clarifying the forecast budget indicators are the unstable external economic situation, the outlined global recession and the slowdown in business activity against the background of protective measures to prevent the spread of coronavirus. The issues of the formation of the republican budget based on the basic scenario of the country’s economic development are considered. The goal, objectives, principles and key priorities of the state’s socio-economic policy are stated, highlighting the priorities of fiscal policy in the medium term. A sufficiently detailed comparative characteristic of the volume and structure of income sources of the republican budget with the allocation of the most significant receipts in the structure of income as tax receipts and transfers has been studied and presented. Considered and comparatively analyzed the volumes, structure and main directions of financing and budget lending of the costs of the republican budget in the context of all functional groups of the budget. It is considered in more detail with the allocation of the main budget programs financing of agriculture and related industries. An attempt is made to assess the possibility of implementing the state program for the development of the agricultural sector based on studying the relationship between dynamic changes in the formation of budget revenues and expenditures in the context of their functional groups.