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 ofmacroeconomic indicators for 2020. It was revealed that the need to clarify the forecast budgetindicators is caused by the current deterioration of the economic situation both within the countryand 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 unstableexternal economic situation, the outlined global recession and the slowdown in business activityagainst 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’seconomic development are considered. The goal, objectives, principles and key priorities of thestate’s socio-economic policy are stated, highlighting the priorities of fiscal policy in the mediumterm.A sufficiently detailed comparative characteristic of the volume and structure of income sources ofthe republican budget with the allocation of the most significant receipts in the structure of incomeas tax receipts and transfers has been studied and presented. Considered and comparativelyanalyzed the volumes, structure and main directions of financing and budget lending of the costsof the republican budget in the context of all functional groups of the budget. It is considered inmore detail with the allocation of the main budget programs financing of agriculture and relatedindustries.An attempt is made to assess the possibility of implementing the state program for the developmentof the agricultural sector based on studying the relationship between dynamic changes in theformation of budget revenues and expenditures in the context of their functional groups.