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368:. Information about revenues and expenditures of the fund is provided by the central bank of Kazakhstan and by the Ministry of Finance of Kazakhstan. The National Fund of Kazakhstan performs 2 main functions. First of all, it stabilizes budget revenue during economic cycles and reduces volatility from the inflow of oil revenues. Secondly, a savings function to ensure equity between generations due to unforeseen income from the sale of oil.
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Azhgaliyeva, D., 2014. The effect of fiscal policy on oil revenue fund: The case of
Kazakhstan.
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companies accumulate this fund. The list of oil and gas companies updated by the government of
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President of the
Republic of Kazakhstan. (September 1, 2005). Decree number 1641.
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President of the
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President of the
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President of the
Republic of Kazakhstan. (April 2, 2010). Decree number 962.
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360:more effectively. Tax revenues from certain
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