PRESIDENTIAL DECREE OF THE KYRGYZ REPUBLIC

of March 4, 2022 unitary enterprise No. 70

About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic

For the purpose of ensuring stable social and economic development, financing of urgent actions and decrease in dependence of economy on impact of adverse external factors, according to part 2 of Article 43-3 of the Budget code of the Kyrgyz Republic, being guided by article 71 of the Constitution of the Kyrgyz Republic, I decide:

1. Approve the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic according to appendix.

2. To the Cabinet of Ministers of the Kyrgyz Republic to resolve the organizational and other matters following from this Decree.

3. I reserve control of execution of this Decree.

4. This Decree becomes effective after fifteen days from the date of official publication.

Appendix

to the Presidential decree of the Kyrgyz Republic of March 4, 2022 No. 70

Procedure for forming and use of Stabilization fund of the Kyrgyz Republic

1. General provisions

1. This Procedure determines legal and organizational basis of forming and use of means of Stabilization fund of the Kyrgyz Republic (further - Stabilization fund).

2. The stabilization fund is the off-budget fund created for ensuring social and economic development of the Kyrgyz Republic and performing savings and stabilization functions.

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