"Simple calculation of the planned profitability of the National Fund indicates 3% yield. We understand that the main task is to keep the money of the National Fund for the future generations. But believe me, many successful Kazakhstani enterprises would be happy to get the investments under such interest rates or even offer 2-3 times higher. Because bank lending is incomparable with such conditions," said Azat Peruashev, Majilis deputy.
He said for performance of social programs, the state bodies "have to increase the size of guaranteed transfer from the National Fund".
"Despite performance of the term on reduction of limited volume in the National Fund to 30% of the forecasted GDP, we believe it is important to mark that such expenses must be covered through investment profits of the National Fund without concerning its saving part. That is the practice of foreign states which have similar funds," he said.
Photo source: picture from an open source