PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of September 22, 2017 No. 552

About modification of the Presidential decree of the Republic of Kazakhstan of June 26, 2013 No. 590 "About approval of the Concept of new budget policy of the Republic of Kazakhstan"

I DECIDE:

1. Bring in the Presidential decree of the Republic of Kazakhstan of June 26, 2013 No. 590 "About approval of the Concept of new budget policy of the Republic of Kazakhstan" the following changes:

in the Concept of new budget policy of the Republic of Kazakhstan approved by the above-named Decree:

in the Section "2. The basic principles and approaches to forming and realization of new budget policy in the Republic of Kazakhstan":

in the subsection "Ensuring Macroeconomic Stability and Balance of the Government Budget":

third to state part in the following edition:

"For maintenance of public debt at the moderate level (in 2020 no more 27, % to GDP) central government budget deficit since 2018 will be reduced to % 1,0 to GDP.";

the seventh to state part in the following edition:

"Decrease in deficit, growth of the income from not oil sector and limited use of National fund will allow to reduce not oil deficit (without the export customs duty on crude oil) in 2020 to % 7,0 to GDP.";

in the subsection "Maintenance of the Public, Quasi-public and External Debt of the Country at the Safe Level":

the second to state part in the following edition:

"The public debt in 2020 shall not exceed % 27,0 to GDP, including debt of the Government - not above % 25,0 to GDP.";

third to exclude part;

the fourth to state part in the following edition:

"For this purpose with determination of limits of government debt and the debt guaranteed by the state restriction on external borrowing of the quasi-public sector through approval of their amounts of the Government will be set.";

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