30.11.2010, 15:11 6095

Nazarbayev signed Law on Guaranteed Transfer from National Fund for 2011 - 2013

The head of state, Nursultan Nazarbayev, signed the Law on Guaranteed Transfer from the National Fund of the Republic of Kazakhstan for 2011 - 2013, which assumes transfer of the assets from the National Fund to the Republican budget for 2011 - 2013, the agency reports citing the president's press service.

Astana. November 30. Kazakhstan Today - The head of state, Nursultan Nazarbayev, signed the Law on Guaranteed Transfer from the National Fund of the Republic of Kazakhstan for 2011 - 2013, which assumes transfer of the assets from the National Fund to the Republican budget for 2011 - 2013, the agency reports citing the president's press service.

The sum of $8 billion of the guaranteed transfer from the National Fund of Kazakhstan has been allocated to implement the assignments of the head of state formulated in the Address to the People of Kazakhstan of January 29, 2010 New Decade - New Economic Growth - New Opportunities of Kazakhstan, the conclusion of the Senate Committee for Finance and Budget states.

The law, taking into account the market rate ($1 = 150 KZT), confirms the annual size of the guaranteed transfer from the National Fund of Kazakhstan for 2011 - 2013 - 1 trillion 200 billion KZT, which will be spent to finance the expenses of the current budgetary programs and budgetary development programs.

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