Minister of Finance submits report to President

The President received a report by the head of the Ministry of Finance on the dynamics of budget execution, the level of salaries in the public sector and the changes of their accrual methodology. The country regularly paid its debts last year, confirming the image of a reliable borrower, fulfilling all social obligations on the budget on time. An additional surplus of state treasury was formed at the same time. It will become a financial safety confirmation for the sustainable budget execution in the future. The main guideline for the Ministry of Finance is timely and full financing of all budgetary obligations.

The 2020 budget will fulfill all the obligations. There are enough resources both for the payments to external creditors and for financing state programs, pensions and salaries. The level of pension payments will be at least 40% of the average salary in the country. And state employees will be provided with incomes at the level of 80% to the average. 

The President pays special attention to the insurance market. A new task is to prepare insurance companies for work in the common Eurasian space. The issue will be solved in two years. The goal in the near future is to determine the procedure for charging this toll.

It will be separated from inspection and the price of fuel. The existing order will be preserved, but a fairer payment mechanism will be prescribed. Certain categories of drivers will get special benefits. The frequency of payments and savings will concern those who are willing to pay a fee for a longer period. The Ministry of Finance will soon submit a document to the government.