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The document ceased to be valid since December 25, 2023 according to Item 1 of the Order of the Minister of national economy of the Republic of Kazakhstan of December 8, 2023 No. 183

ORDER OF THE MINISTER OF NATIONAL ECONOMY OF THE REPUBLIC OF KAZAKHSTAN

of May 16, 2023 No. 68

About approval of Rules of coordination of amounts of external loans of the quasi-public sector

According to Article 199 of the Budget code of the Republic of Kazakhstan PRIKAZYVAYU:

1. Approve the enclosed Rules of coordination of amounts of external loans of the quasi-public sector.

2. To department of policy of management of obligations of the state and development of the financial sector of the Ministry of national economy of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan to provide state registration of this order in the Ministry of Justice of the Republic of Kazakhstan and its placement on Internet resource of the Ministry of national economy of the Republic of Kazakhstan.

3. To impose control of execution of this order on the first vice-minister of national economy of the Republic of Kazakhstan.

4. This order becomes effective after ten calendar days after day of its first official publication.

Minister of national economy of the Republic of Kazakhstan

A. Kuantyrov

It is approved

Ministry of Finance of the Republic of Kazakhstan

 

Approved by the Order of the Minister of national economy of the Republic of Kazakhstan of May 16, 2023 No. 68

Rules of coordination of amounts of external loans of the quasi-public sector

1. These rules of coordination of amounts of external loans of the quasi-public sector are developed according to Article 199 of the Budget code of the Republic of Kazakhstan and determine procedure for coordination of amounts of external loans of the quasi-public sector within the restrictions set by the Management concept public finances of the Republic of Kazakhstan till 2030, except for transactions on intra group financing and non-state loans provided with the state guarantee.

2. Coordination of amounts of external loans of the quasi-public sector is performed by means of limiting determination of amount of external debt of the quasi-public sector according to the procedure, established by the central authorized body on state planning in coordination with the central authorized body on budget implementation, taking into account recommendations of the Commission concerning limiting determination of amount of external debt of the quasi-public sector under authorized body on state planning (further - the Commission) created by authorized body on state planning.

Offers on amounts of external loans of the quasi-public sector for the planned period go the central authorized body on state planning after receipt of recommendations of the Commission within five working days to Government office of the Republic of Kazakhstan.

Offers on amounts of external borrowing of the quasi-public sector are submitted for meeting of the Government of the Republic of Kazakhstan according to the procedure, established by the Regulations of the Government of the Republic of Kazakhstan approved by the order of the Government of the Republic of Kazakhstan of January 6, 2023 No. 10.

3. The list of subjects of the quasi-public sector concerning which the limiting amount of external debt is determined affirms the central authorized body on state planning.

4. The central authorized body on state planning according to Item 3 of Article 199 of the Budget code of the Republic of Kazakhstan approves the amount of external debt of the quasi-public sector approved with the Government of the limiting Republic of Kazakhstan for the planned financial year.

5. Adjustment of the approved limiting amount of external debt of the quasi-public sector in case of change of the budget parameters or based on the corrected plans of borrowing of the quasi-public sector is allowed.

6. Subjects of the quasi-public sector independently provide execution of the obligations within external borrowing.

 

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