Document from CIS Legislation database © 2003-2018 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 20, 2018 No. 210

About approval of Rules of monitoring and control of external and internal loans of the quasi-public sector

According to Article 199 of the Budget code of the Republic of Kazakhstan of December 4, 2008 the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of monitoring and control of external and internal loans of the quasi-public sector.

2. This resolution becomes effective after ten calendar days after day of its first official publication.

Prime Minister of the Republic of Kazakhstan

B. Sagintayev

Approved by the Order of the Government of the Republic of Kazakhstan of April 20, 2018 No. 210

Rules of monitoring and control of external and internal loans of the quasi-public sector

Chapter 1. General provisions

1. These rules of monitoring and control of external and internal loans of the quasi-public sector (further – Rules) are developed according to Article 199 of the Budget code of the Republic of Kazakhstan of December 4, 2008 and determine procedure of monitoring and control of external and internal loans of the quasi-public sector.

2. The purposes of these rules are monitoring of condition of external and internal debt of the quasi-public sector and control of observance of the restrictions provided by the Concept of new budget policy of the Republic of Kazakhstan, the Concept of forming and use of means of National fund of the Republic of Kazakhstan.

3. The basic concepts used in these rules:

1) the development plan – the document determining the main activities and indicators of financial and economic activities of the state company, joint-stock company and limited liability partnership, controlling stock (share in the authorized capital) which belongs to the state, including national managing holding, national holding and the national company, for the five-year period;

2) the external loan of subjects of the quasi-public sector – loan in which the nonresident of the Republic of Kazakhstan acts as the creditor;

3) internal loan of subjects of the quasi-public sector – loan in which the resident of the Republic of Kazakhstan acts as the creditor;

4) loan – the credits, loans, debt securities and other debt obligations attracted from the domestic and foreign markets;

5) the borrower - the subject of the quasi-public sector which attraction of external loans is performed through coordination of their amounts with the Government of the Republic of Kazakhstan;

6) the register of state-owned property – the single information automated system of accounting of state-owned property, except for the property which is in operational management of special state bodies, Armed Forces, other troops and military forming of the Republic of Kazakhstan, and the state material reserve;

7) external debt – the amount for certain date of the received and outstanding loan amounts of the borrower before nonresidents of the Republic of Kazakhstan;

8) internal debt – the amount for certain date of the received and outstanding loan amounts of the borrower before residents of the Republic of Kazakhstan.

Chapter 2. Monitoring procedure

4. Monitoring of current status of external and internal debt of borrowers is performed within development plans.

5. Registration and accounting of receipt of funds of internal and external loans, payments on repayment and debt servicing are performed by borrowers independently.

6. Accounting of payments, remaining balance of debt is made at par value. Accounting of debt securities is performed by results of primary placement and nominal value.

7. Borrowers on quarterly basis to the 10th following month under report send information on loans with indication of the plan of attraction of loans for the forthcoming five-year period to authorized body on management of state-owned property for inclusion in the register of state-owned property in electronic form on the web portal of the register, according to form 11 of appendix of 2 Rules of development, approval of development plans for national managing holdings, national holdings, national companies which shareholder is the state, and also monitoring and assessment of their realization approved by the order of the Minister of national economy of the Republic of Kazakhstan of February 27, 2015 No. 149, except for of joint-stock company "National welfare fund "Samruk-Kazyna" (further – fund).

8. The fund on quarterly basis to the 30th following month under report places information on loans with indication of the plan of attraction of loans for the forthcoming five-year period on Internet resource of fund, according to form 6, of the Republic of Kazakhstan approved by the order of the Government of October 31, 2012 No. 1384 "About approval of Rules of placement of the reporting necessary for state bodies, on Internet resource of National welfare fund, and also the list, forms and frequency of placement of the reporting".

9. Borrowers represent to the central authorized body on budget implementation on quarterly basis the analytical note containing information on debt and on semi-annual basis the specified forecast of external and internal borrowing for the current year.

In case of change of plans of attraction of loans for the forthcoming five-year period, borrowers approve data of change with the central authorized body on budget implementation.

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.