Система Orphus

Funds of National Fund of Kazakhstan have exceeded KZT25 trln in 2018

19.12.2018, 20:48 3171

The National Fund's income has more than doubled over 11 months this year, Finprom.kz, a monitoring agency, informs.

As of the end of this November, the funds of the National Fund have equaled KZT25.1 trillion, a 15.8% year-over-year increase. Whereas this figure was KZT 21.6 trillion in a given period of 2017 with an 11.6% drop in a year.

The highest growth ever observed occurred in a given period of 2016 - a 52.7% year-over-year growth.

In the period of 11 months of this year, the amount of income of the National Fund has reached KZT 4.8 trillion, over a 2-fold year-to-year increase.

The main share is traditionally occupied by direct taxes from oil installations: KZT2.9 trillion (60.5% of the Fund's total income), a 63% growth compared to last year (KZT1.8 trillion).

Investment income for management of the Fund has made up KZT 1.8 trillion (28.9%), by 14.7 times higher than in a given period of the past year (KZT125.5 billion).

Revenues from the privatization of the State property owned by the Republic and pertaining to the mining, manufacturing industries, have come up with KZT 11.9 billion, with the previous year's figure amounting to KZT 504.9 million.

The National Fund's total expenses for January-November this year have equaled KZT 2.6 trillion, a 37% year-over-year decrease.

Guaranteed transfers represent the majority of the National Fund's costs - KZT 2.6 trillion (99.4%).

KZT 16.1 billion was spent to manage the Fund and perform annual external audits.

Over the last five years, the highest amount of costs in a given period occurred in 2017: KZT4.2 trillion, with targeted transfers accounting for 35.3%.

On November 30 this year, the Kazakh President signed the Law on Guaranteed Transfer from the National Fund of the Republic of Kazakhstan for 2019-2021, providing for guaranteed transfers from the National Fund in the following amounts: in 2019 - KZT 2.45 trillion; in 2020 - KZT 2.3 trillion; in 2021 - KZT 2 trillion.

Source: BNews.kz

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