ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of June 27, 2025 No. 479

About approval of Rules of monitoring and control of debt of subjects of the quasi-public sector

According to Item 5 of Article 146 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 debt of subjects of the quasi-public sector.

2. Recognize invalid some decisions of the Government of the Republic of Kazakhstan according to appendix to this resolution.

3. 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 June 27, 2025 No. 479

Rules of monitoring and control of debt of subjects of the quasi-public sector

Chapter 1. General provisions

1. These rules of monitoring and control of debt of subjects of the quasi-public sector (further – Rules) are developed according to Item 5 of Article 146 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 debt of subjects of the quasi-public sector.

2. The purposes of these rules are monitoring of condition of external and internal debt of subjects 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 (further - the Concept).

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 act as the creditor the nonresident of the Republic of Kazakhstan, and the borrower – the subject of the quasi-public sector;

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

4) 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;

5) debt of subjects of the quasi-public sector – the amount for certain date of the received (mastered) and outstanding loans, except for the loans provided with the state guarantee, subjects of the quasi-public sector;

6) external debt of subjects of the quasi-public sector – component of debt of subjects of the quasi-public sector according to external loans and other debt obligations of subjects of the quasi-public sector before nonresidents of the Republic of Kazakhstan;

7) internal debt of subjects of the quasi-public sector – component of debt of subjects of the quasi-public sector on internal loans and other debt obligations of subjects of the quasi-public sector before residents 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.

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.

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.

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