Printer Friendly

Avoidance of budget sequestration increases danger of default, says PM Satybaldiev.

If no budget sequestration is done, there is danger of default, Prime Minister Jantoro Satybaldiev said at the plenary session of the Parliament on October 31 when asked by parliamentarians about this issue. "You talk much about sequestration... The Parliament approved you not to cut the budget approved by the Parliament, but to find money," said MP Maksat Sabirov (Respublika). Prime Minister Satybaldiev said he warned about budget sequestration during the process of approval of his nomination as PM in Parliament. "If no budget sequestration is done, there is danger of default. The mistake was made during budgeting since the very beginning. We have uncompleted construction for 10 bln som. I tell all officials: prior to starting construction, you should think well. Otherwise we just bury money," the Prime Minister said.

News Agency I...IUIypress - 2001-2012

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:AKIpress News Agency
Date:Nov 1, 2012
Words:144
Previous Article:National Statistical Committee to study presence of shadow economy at big markets.
Next Article:Kyrgyz government plans to buy flour from foreign countries, but keeps this issue in secret -- PM.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters