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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.

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Publication:AKIpress News Agency
Date:Nov 1, 2012
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