Majilis approves bill on guaranteed transfer from National Fund for 2010-2012

ANA. October 21. KAZINFORM. /Muratbek Makulbekov/ The Majilis of the Kazakhstan's Parliament has approved a draft law "On guaranteed transfer from the National Fund for 2010-2012" at its plenary sitting today.

Minister of Economy and Budget Planning B. Sultanov noted that the National Fund revenues are expected to make KZT 1.371 trillion or 7.9% to the GDP in 2010.

"The guaranteed transfer from the National Fund to the budget makes about KZT 1 trillion annually. It is not more than 33% of all assets of the fund as of the end of the year", the Minister said. He also informed of the accumulation of assets of the National Fund to USD 31 billion forecast till the end of 2012.

Currently reading