Majilis approved amendments on guaranteed transfer from National Fund
Astana. November 19. KazTAG - Majilis deputies have approved the draft law "On guaranteed transfer from the National Fund in 2015-2017".
"The draft law has been developed in compliance with the point 2 article 24 of the Budget Code. According to the taken decision of the council on the National Fund management on increase of fixed size of guaranteed transfer by 15%, its size has been defined at 1 702 bln tenge annually in 2015-2017," said Yerbolat Dosayev, Minister of National Economy.
"The total volume of money in the National Fund, according to the prognosis, will increase from $97.7 bln in 2015 to $115.6 bln in 2017 - 34.2% to the GDP," he said.
The adoption of the draft law will provide full financing of the Republican budget's expenses including new initiatives in social field; it will not cause any negative socio-economic consequences.