The financial system of the Republic of Kazakhstan

The state budget as a tool for managing the economy has an impact on integrated social production as financial document as an economic lever; and as an incentive.

The state budget is the central element of the financial system. There are different types of interconnection revenues, expenditures and government loans. The profitable part contains a list of incoming funds and expenditures - brings together all kinds of loans made. i.e budget - is an economic category, which expresses the relations of production in the form of money arising between the state and other stakeholders in the process of social production distribution and redistribution of value of the social product.

The state budget is an instrument of public policy and the major source of funds for the implementation of the planned programs. Formation of a profitable part has now a lot of problems, so frequent adjustments of tax laws, aggravating the companies that have a negative impact on the manufacturing process, which means that the state budget. An important issue in the preparation of the budget are areas of budget expenditures related to the conduct of fiscal policy.

At the microeconomic level structure of the financial system constitute the primary finance - in enterprises and households. Their financial activities include two things: education funds (which occurs through the initial distribution of income), and expenditure of such funds. Revenues and expenses are balanced (balanced) as follows. At the enterprises of the state of finances is reflected in the profit and loss account (costs). In the household income received (from the use of factors of production) compared with the costs (current consumption and savings).

Primary finances on a macroeconomic level are the base of the secondary public finances. They are formed as a result of subsequent distribution (or redistribution) of the proceeds mainly through taxes. Taxes - compulsory payments to enterprises and households, which the government charges with the values of primary income.

Public finances play an important role in the growth of government consumption, which creates additional demand, expanding the domestic market.

Towards the end I would like to make personal conclusions on this paper:

- The main problem in the financial sector, in my opinion, lies in the fact that the quantitative growth of budget revenues of Kazakhstan and all other important financial indicators achieved by the devaluation of the tenge against the dollar and the revenues from the oil industry, which could lead to deep recession, as all the financial and economic system depends on the quotations of raw materials on the world market;

- Kazakhstan still has not developed a system of small business lending. This area of the economy is very important in a market economy, as the example of developed countries, it is clear that it is a large part of the GDP. Agriculture after the collapse of the Soviet Union found itself in a difficult situation, therefore a priority of the state at the moment is in lending through second-tier banks in the industry.

-In Kazakhstan, has already begun the development of such important financial instruments as credit, deposit and lease. In a market economy, their role is to accelerate the formation of start-up capital, which is very important in Kazakhstan, where there is a lack of investment.

-Financial control is carried out in Kazakhstan financial police and the Ministry of Finance. At the moment, the regulatory framework concerning financial relations is still being reformed, but the situation is enough to regulate financial processes in Kazakhstan.

-Today is an issue of the state budget surplus. It speaks poorly thought-out strategy of spending.

- In addition, despite repeated increase in wages of public sector employees, in our country are still going strong differentiation of cash income. The resolution of this issue in the future may lead to an increase in tax revenues of RK.

Priority of the Republic of Kazakhstan today is, in my opinion, the settlement of the above problems.

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