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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 9, 2019 No. 489

About approval of Rules of determination of the amount of limit of provision of the state guarantee of export support

According to Item 2 of Article 225-2 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 determination of the amount of limit of provision of the state guarantee of export support.

2. This resolution becomes effective from the date of its first official publication.

Prime Minister of the Republic of Kazakhstan

A. Mamin

Approved by the Order of the Government of the Republic of Kazakhstan of July 9, 2019 No. 489

Rules of determination of the amount of limit of provision of the state guarantee of export support

Chapter 1. General provisions

1. These rules of determination of the amount of limit of provision of the state guarantee of export support (further - Rules) are developed according to Item 2 of Article 225-2 of the Budget code of the Republic of Kazakhstan of December 4, 2008 and determine procedure for determination of the amount of limit of provision of the state guarantee of export support.

2. The size of limit of provision of the state guarantee of support of export is rounded with an accuracy of one thousand tenges.

3. In these rules the following concepts are used:

1) the state guarantee of the Republic of Kazakhstan on export support - the obligation of the Government of the Republic of Kazakhstan to the national company performing functions on export support in accordance with the terms of the agreement of guarantee fully or partially to repay its debt on insurance payments;

2) the industry conclusion - the conclusion of authorized body in the field of the state support of industrial and innovative activities regarding compliance to priorities of development of industry of provision of the state guarantee in support of export of the relevant national company performing functions on export support.

Chapter 2. Procedure for determination of the amount of limit of provision of the state guarantee of export support

4. The amount of limit of provision of the state guarantee of support of export for the corresponding year is created proceeding from:

amounts of the income of the republican budget for the planned three-year period;

maintenance costs and repayment of government debt, the costs connected with accomplishment of the obligations on the state guarantees and guarantees of the state for the planned three-year period provided by the central authorized body on budget implementation;

offers of authorized body in the field of the state support of industrial and innovative activities about provision of the state guarantee for export support.

5. The authorized body in the field of the state support of industrial and innovative activities till April 15 of the year preceding planned represents to the central authorized body on state planning the offer on provision of the state guarantee on export support.

Its positive industry conclusion and the following documents of the national company performing functions on export support are attached to the offer of authorized body in the field of the state support of industrial and innovative activities:

1) copies of constituent documents, and also the documents confirming the status of the national company performing functions on export support;

2) the audited financial reporting of the national company performing functions on support of export for the last three years;

3) the development strategy of the national company performing functions on export support;

4) rating report.

6. The industry conclusion contains assessment:

1) opportunity and feasibility of provision of such measure of the state support of non-oil export;

2) conditions of industry and problems which influence its development;

3) compliance is more whole than provision of the state guarantee on export support to the solution of the existing problems in industry;

4) justification of provision of the state guarantee on support of export of the national company performing functions on support of export and expected effect in the supervised industry and allied industries (spheres) of economy (the main participants, the scheme of their interaction, the scheme of use and return of the means distracted on obligation fulfillment on the state guarantee on export support);

5) expected risks which can demand obligation fulfillment on the state guarantee on export support (insurance, political, risks of financial stability) and actions for their minimization;

6) compliance to the performed national company of activities to the purposes of documents of System of state planning of the Republic of Kazakhstan, including specifying on availability of need for the rendered services in the corresponding industry, and also availability of expected resulting effect from provision of the state guarantee on support of export, compliance of its provision to orders or acts of the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan;

7) justification of the size and effective period of the state guarantee on export support;

8) distributions of benefits from application of the state guarantee on export support;

9) expected multiplicative effect of application of the state guarantee on support of export for allied industries (spheres) of economy.

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