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 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.

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, the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" 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, control of observance of the restrictions provided by the Management concept public finances of the Republic of Kazakhstan till 2030 approved by the Presidential decree of the Republic of Kazakhstan of September 10, 2022 No. 1005.

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, for the five-year period;

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

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

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;

6) the register of state-owned property (further - the register) - 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) the actions plan - the document determining the main activities and indicators of financial and economic activities of national managing holding, national holding and national company for the five-year period;

9) 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 and actions 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.

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