ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of August 8, 2025 No. 603

About approval of Rules of placement of temporarily spare budget money from the single treasurer account

In compliance with Item 9 of Article 113 of the Budget code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of placement of temporarily spare budget money from the single treasurer account.

2. This resolution becomes effective after ten calendar days from the date of its first official publication.

Approved by the Order of the Government of the Republic of Kazakhstan of August 8, 2025 No. 603

Rules of placement of temporarily spare budget money from the single treasurer account

Chapter 1. General provisions

1. These rules of placement of temporarily spare budget money from the single treasurer account (further – Rules) are developed according to Item 9 of Article 113 of the Budget code of the Republic of Kazakhstan (further – the Budget code) and determine procedure for the organization and implementation of placement by the State Treasury of the Ministry of Finance of the Republic of Kazakhstan of temporarily spare budget money from the single treasurer account for deposits in National Bank of the Republic of Kazakhstan (further – the National Bank), at the National operator is mails and (or) in banks of the second level (further – banks).

Chapter 2. The choice of banks for placement of temporarily spare budget money from the single treasurer account

2. Placement of temporarily spare budget money from the single treasurer account in banks is performed by the State Treasury for the purpose of their rational use and income acquisition in the republican budget based on the agreement on placement of temporarily spare budget money from the single treasurer account (further – the agreement on placement) concluded between the State Treasury and banks.

3. The rewards earned in the form of interest income of placement of temporarily spare budget money are subject to transfer in the income of the republican budget and are not subject to the taxation.

4. Temporarily spare budget money is placed in banks with the following provisions:

1) currency of placement is the national currency of the Republic of Kazakhstan – tenge;

The term of placement of temporarily spare budget money constitutes 2) up to twelve months, but no more date of completion of the current financial year;

3) payment of interest income is performed monthly, and on the money placed for a period of up to one month – upon termination of placement term.

5. Placement of temporarily spare budget money in banks is performed by the choice of the banks corresponding to the criteria established by these rules.

6. Information on the relevant requirements imposed to banks is placed on official Internet resource of the State Treasury.

7. The banks corresponding to the following criteria are allowed to placement of temporarily spare budget money:

1) availability of the corresponding license for the right of carrying out banking activities;

2) total assets is not lower than one trillion tenges;

3) equity is not lower than five hundred billion tenges;

4) the international rating is not lower than the BB-level on scale of rating agencies "Standard&Poor" s" or "FitchRatings", or not below "Ba3" on scale of similar rating of "Moody" of s Investors Service" or availability of hundred percent of share of the state participation;

5) absence at the participant of overdue debt on temporarily spare budget money which is earlier placed in it and observance by the participant of prudential standard rates;

6) participation in system of obligatory collective guaranteeing (insurance) of deposits (Kazakhstan fund of guaranteeing deposits).

8. The State Treasury with the banks corresponding to the criteria specified in Item 7 of these rules signs agreements on placement for a period of up to twelve months, but no more date of completion of the current financial year.

9. The State Treasury no later than five working days from the date of agreement signature about placement performs the publication of information on banks with which agreements on placement, on official Internet resource of the State Treasury are signed.

10. Agreements on placement are signed in the form determined by banks and approved with the State Treasury.

Chapter 3. Procedure, the mechanism and parameters of placement of temporarily spare budget money from the single treasurer account

11. Limits and terms of placement of temporarily spare budget money in banks, limiting minimum rate of remuneration and the number of placements are established by the commission on placement of temporarily spare budget money (further – the commission on placement).

12. The structure of the commission on placement, its powers and terms of holding meetings are determined according to the procedure, established by the central authorized body on budget implementation.

13. Decisions of the commission are considered accepted only in case of the unanimous consent of all her members, including the representative of National Bank.

14. Investment of funds within the agreement on placement signed with banks is performed by the State Treasury based on request for placement of temporarily spare budget money from the single treasurer account in banks in form according to appendix to these rules.

15. On each placement of temporarily spare budget money by the State Treasury the separate request for placement with obligatory specifying of the amount and the terms planned to placement of money, and also minimum limiting interest rate of remuneration is drawn up.

16. The State Treasury performs placement of temporarily spare budget money in banks within the limits determined by the commission on placement. Limits are determined from general remaining balance of temporarily spare budget money from the single treasurer account. Total amount of placement in one bank shall not exceed twenty percent from general balance on the single treasurer account, but no more than twenty five percent from the size of equity of bank at the time of giving of request for placement.

17. The State Treasury according to the Rules of budget implementation and its cash servicing for 2025 financial year approved by the order of the Minister of Finance of the Republic of Kazakhstan of May 30, 2025 No. 272 (further – Rules No. 272), represents:

1) in National Bank – information on results of placement of temporarily spare budget money from the single treasurer account in banks, and also the facts of non-execution of obligations from banks;

2) in the central authorized body on budget implementation – information on temporarily spare budget money from the single treasurer account placed in banks.

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