The Republic of Kazakhstan Budget System Development and the Increase of its Transparency
Аннотации
The article discusses the Republic of Kazakhstan'sbudget system
development and the increase of its transparency compared with other
countries. The history of the budget legislation for the Republic of
Kazakhstan as an independent state began with the Declaration of State
Sovereignty and the Law “On the Budget System” dated 17 December
1991, the first document, which modeled the principles of the budgetary
system and budgetary process of a sovereign republic by law. Using the
Republic of Kazakhstan as an example, the budget system development
and ways to improve its efficiency and transparencywere analyzed in this
study. More openness and transparency of the budget system becomes
extremely urgent task in connection with all the greater focus of public
finances to address specific tasks to achieve the objectives of social and
economic development. The paper deals with the openness of the budget
of the Republic of Kazakhstan. In 2012, it stepped out of the category of
the countries that provide minimal information on the budget. The aim of
this study is to investigate the causes of the low transparency of the
budget in Kazakhstan that in 2012 the International Budget Partnership
(IBP) rated 48 (above the average of the countries) and to make
suggestions to improve the transparency of the budget, which will lead to
the improvement of living standards, reduction of corruption and
improvement of the efficiency of budget spending