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About law of RK “About guaranteed transfer from the National fund of RK for 2018-2020” dated Nov.30th 2017 # 111-VI

Law of RK “About guaranteed transfer from the National fund of RK for 2018-2020” dated Nov.30th 2017 # 111-VI

As per the Order of President of RK dated Dec.8th 2016 # 385 “About concept of formation and usage of funds of the National fund of RK”, effective Y2020 guaranteed transfer into republican budget will be fixed in tenge and set in amount of 2 000 bln.tenge. While for smooth transition to the new rule, the size of guaranteed transfer from the National fund into republican budget will be reduced in 2018 – 2 600 bln.tenge, in 2019 – 2 300 bln.tenge, in 2020 and further years – 2 000 bln.tenge.

Accepting the law draft will allow to provide balance of the budget and reduce usage of the National fund.