Financial and tax policy in the economic development of Kazakhstan

B.T. Aimurzina, A.S. Assilova

  • Б. Т. Айтмурзина Al-Farabi Kazakh National University

Abstract

The article analyzes the state and changes in GDP for the period 2006-2015, including the productionof goods and services in recent years. Attention is paid to the dynamics of the tenge exchange ratefor the US dollar between 2011 -2015. Specifies that in the present conditions the trend of developmentand deepening of integration processes in the world economy dictate the need for harmonization offinancial and payment instruments and taxation, that requires a review of the existing financial systemmanagement. In this context, the main priority objectives of the fiscal and tax policy should be furthergrowth in GDP with the obligatory direction to increase the production of products with high added value.Also, great attention should be paid to the further stabilization of the financial sector in Kazakhstan. Itis necessary to pay attention to the socially necessary level of tax revenue in the revenue part of the statebudget while maintaining the necessary level of economic potential of the business entities. There is aneed to develop a system of management of non-tax revenues, based on the analysis of non-tax componentof budget trends and management indicators non-tax revenues, enhance the efficiency of tax audits.Key words: fiscal policy, taxes, tax policy, liberalization of the regime.
Published
2018-11-14
How to Cite
АЙТМУРЗИНА, Б. Т.. Financial and tax policy in the economic development of Kazakhstan. The Journal of Economic Research & Business Administration, [S.l.], v. 120, n. 2, p. 44-49, nov. 2018. ISSN 1563-0358. Available at: <http://be.kaznu.kz/index.php/math/article/view/2416>. Date accessed: 10 dec. 2018.