Research Article Open Access

The Republic of Kazakhstan Budget System Development and the Increase of its Transparency

Kuralay Berkinovna Issatayeva1 and Ainagul Amangeldinovna Adambekova2
  • 1 U.U. Uspanov Kazakh Research Institute of Soil Science and Agrochemistry, Almaty, Kazakhstan
  • 2 Turar Ryskulov New Economic University, School of Finance and Accounting, Almaty, Kazakhstan


The article discusses the Republic of Kazakhstan's budget 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 transparency were 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.

American Journal of Applied Sciences
Volume 13 No. 4, 2016, 364-371


Submitted On: 18 November 2015 Published On: 5 April 2016

How to Cite: Issatayeva, K. B. & Adambekova, A. A. (2016). The Republic of Kazakhstan Budget System Development and the Increase of its Transparency. American Journal of Applied Sciences, 13(4), 364-371.

  • 3 Citations



  • Kazakhstan
  • Budget System
  • Efficiency
  • Transparency