PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of March 10, 2023 No. 140

About measures for expansion of crediting of real production sector and decrease in debt load of the population

For the purpose of ensuring available and stable financing of real production sector and decrease in debt load of the population of POSTANOVLYAYU:

1. To the government of the Republic of Kazakhstan together with National Bank of the Republic of Kazakhstan and Agency of the Republic of Kazakhstan on regulation and development of the financial market:

1) to take measures for expansion of the rights of investors of "Single Accumulation Pension Fund" joint-stock company regarding transfer to fifty percent from the amount of the pension accruals to managing investment companies;

2) till December 31, 2023 to provide integration of banks of the second level and credit bureaus with the state databases about legal entities, their income and property.

2. To the government of the Republic of Kazakhstan together with National Bank of the Republic of Kazakhstan and Agency on protection and development of the competition of the Republic of Kazakhstan till May 1, 2023 to review conditions of the Economy of Simple Things program, including to provide:

increase in term of subsidizing of rates of remuneration within the program from 5 to 7 years on the most priority industries of economy;

establishment of tiered rates of subsidizing depending on priority of industries of economy.

3. To the government of the Republic of Kazakhstan together with Agency of the Republic of Kazakhstan on regulation and development of the financial market:

1) till April 30, 2023 to accept the Road map on realization of pool of investment projects through syndicated financing and joint financing with banks of the second level;

2) till September 30, 2023 to take measures on:

to transfer to the pawnbroker of the right of temporary land use and its subsequent realization without redemption of the right of land use;

to participation in the biddings on realization (sale) of the right of subsurface use of subjects of business, except for strategic objects, without obligatory receipt of permission of competent authority in the sphere of subsurface use;

3) to review approaches of tax policy in part:

the taxation of the income of banks of the second level on notes of National Bank of the Republic of Kazakhstan;

temporary (for three years) releases from the taxation of the income of the microfinancial organizations in connection with write-off (forgiveness) of debt on the microcredits of physical persons;

releases from the taxation of the income of physical persons in case of write-off (forgiveness) of debt by the collection agencies.

4. To the government of the Republic of Kazakhstan till December 31, 2023:

take measures for increase in efficiency of electronic monitoring of turnover of grain receipts and ensuring safety of amount and quality of grain in granaries (elevators and hlebopriyemny Items) by digitalization of processes of receipt of authentic data on amounts and turnovers of grain;

together with Agency of the Republic of Kazakhstan on regulation and development of the financial market and National Bank of the Republic of Kazakhstan to provide inclusion of grain receipts with guarantee of subjects of the quasi-public sector in category of firm pledges;

together with Agency on protection and development of the competition of the Republic of Kazakhstan to handle issue of increase in preferential crediting of the private leasing companies corresponding to criteria of reliability at the expense of means of the republican budget and (or) the quasi-public sector within the measures of the state support providing preferential lease financing of subjects of entrepreneurship;

take measures for increase in crediting of banks of the second level and the microfinancial organizations, expansion of mechanisms of joint financing of projects in spheres of agro-industrial complex and food industry from the organizations of joint-stock company "National managing holding "Bayterek".

5. To agency of the Republic of Kazakhstan on regulation and development of the financial market for decrease in debt load of the population:

1) within toughening of unsecured consumer crediting of the population till May 31, 2023 to take measures on:

to toughening of regulation of rates on the population microcredits;

to introduction of the requirement for acceptance of the second level by banks, microfinancial organizations and collection agencies of plans for settlement of the problem credits of the population;

2) till September 30, 2023 together with National Bank of the Republic of Kazakhstan to take measures on:

to restriction of growth of debt load of the citizens having overdue debt on loans and the microcredits over ninety calendar days;

to introduction of the procedure of settlement of credit debt of physical persons by the collection agencies;

to restriction of sale by banks of the second level and the organizations performing microfinancial activities, loans and the microcredits of physical persons to the collection agencies on which procedures of settlement of debt are not carried out.

6. To the government of the Republic of Kazakhstan and state bodies, directly subordinate and accountable to the President of the Republic of Kazakhstan to take other measures following from this Decree.

7. To impose control of execution of this Decree on Administration of the President of the Republic of Kazakhstan.

8. This Decree becomes effective from the date of its signing.

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