PRESIDENTIAL DECREE OF THE KYRGYZ REPUBLIC

of September 5, 2025 No. 252

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

For the purpose of further regulation of questions of forming and management of the Kyrgyz Republic of Stabilization fund, provision of the reporting on use of its means, according to part 2 of Article 43-3 of the Budget code of the Kyrgyz Republic, 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. Recognize to invalid:

1) the Presidential decree of the Kyrgyz Republic "About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic" of March 4, 2022 No. 70;

2) the Presidential decree of the Kyrgyz Republic "About modification of the Presidential decree of the Kyrgyz Republic "About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic" of March 4, 2022 No. 70" of October 24, 2023 No. 268;

3) the Presidential decree of the Kyrgyz Republic "About modification of the Presidential decree of the Kyrgyz Republic "About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic" of March 4, 2022 No. 70" of November 16, 2023 No. 313;

4) the Presidential decree of the Kyrgyz Republic "About modification of the Presidential decree of the Kyrgyz Republic "About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic" of March 4, 2022 No. 70" of March 2, 2024 No. 53;

5) the Presidential decree of the Kyrgyz Republic "About modification of the Presidential decree of the Kyrgyz Republic "About approval of the Procedure for forming and use of Stabilization fund of the Kyrgyz Republic" of March 4, 2022 No. 70" of January 31, 2025 No. 34.

3. This Decree becomes effective after ten days from the date of official publication.

Appendix

to the Presidential decree of the Kyrgyz Republic of September 5, 2025 No. 252

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

Chapter 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. Stabilization fund - the off-budget fund created for ensuring social and economic development of the Kyrgyz Republic.

Chapter 2. Purposes and tasks of Stabilization fund

3. Main objectives of Stabilization fund are:

1) maintenance of stable social and economic development of the country;

2) decrease in dependence of economy on impact of adverse external factors;

3) ensuring national security and strengthening of defense capability of the Kyrgyz Republic.

4. Tasks of Stabilization fund are:

1) financing of separate actions;

2) investment into financial and other instruments, including precious metals.

5. Money of Stabilization fund is allocated for the following purposes:

1) implementation of the state social and economic programs;

2) creation, increase, updating, upgrade of fixed assets;

3) development of industries of economy;

4) other actions determined by the President of the Kyrgyz Republic.

Chapter 3. Sources and procedure for forming of Stabilization fund

6. Sources of forming of means of Stabilization fund are:

1) privatization of strategic objects;

2) realization of subsoil plots of nation-wide value;

3) investment revenues from management of Stabilization fund;

4) other means determined by the President of the Kyrgyz Republic (further - other means).

7. Other means include the following list, but are not limited to it:

1) voluntarily transferred funds of legal entities and physical persons, residents and nonresidents of the Kyrgyz Republic;

2) the funds transferred from deposit accounts of law enforcement and supervisory authorities in the form of voluntarily indemnified loss caused to the state;

3) other receipt of funds listed on voluntary basis and which are not contradicting the purposes of the budget legislation of the Kyrgyz Republic;

4) means of the administered account of authorized state body in the field of management of state-owned property according to the procedure determining conditions and procedure for alienation of the objects which passed into state-owned property on the bases provided by the civil legislation of the Kyrgyz Republic, the legislation of the Kyrgyz Republic on offenses, the penal and criminal procedure legislation of the Kyrgyz Republic;

5) other money which is earlier not provided in resource part of the republican budget according to decisions of the Cabinet of Ministers of the Kyrgyz Republic;

6) expense reallocation of the republican budget according to decisions of the Cabinet of Ministers of the Kyrgyz Republic;

7) the transfer amount of part of the income of the republican budget provided when forming the draft of the republican budget in Stabilization fund.

8. The means received according to subitems 1, 2 and 4 Items 6 of this Procedure are considered in resources and expenses of the republican budget for further transfer in Stabilization fund.

9. The means which are not provided in the law on the republican budget before modification of it are listed in Stabilization fund with the subsequent written notice of special-purpose committee of Jogorku Kenesh of the Kyrgyz Republic.

10. Investment revenues from management of Stabilization fund arrive directly into its accounts.

11. Money according to subitems 1-3 of Item 7 of this Procedure arrives in resource part of the republican budget from the corresponding deposit accounts by means of the corresponding intertreasurer orders and further is listed in Stabilization fund through account part of the republican budget.

12. Money of Stabilization fund is accumulated on accounts (somovy and currency) authorized state body on forecasting and budget implementation (further - authorized state body) in National Bank of the Kyrgyz Republic which are considered as one consolidated account for the cash accounting of Stabilization fund.

13. The regulations of servicing of accounts on the cash accounting of Stabilization fund are provided in the agreement signed between authorized state body and National Bank of the Kyrgyz Republic.

Chapter 4. Management of Stabilization fund

14. The decision on assignment from Stabilization fund is made by the President of the Kyrgyz Republic.

15. Executive body - authorized state body, being the administrator of Stabilization fund, providing money transfer in Stabilization fund, management of accounts of Stabilization fund, and also financing of actions according to Item 5 of this Procedure.

16. The subjects having the right to means from Stabilization fund are state bodies and local government bodies, legal entities.

17. The appeal about assignment from Stabilization fund is sent to the President of the Kyrgyz Republic. By results of consideration of the address and in case of approval, the subject initiating assignment from Stabilization fund prepares the draft decision of the President of the Kyrgyz Republic and brings in Administration of the President of the Kyrgyz Republic in accordance with the established procedure.

18. The authorized state body considers the draft decision of the President of the Kyrgyz Republic about assignment from Stabilization fund taking into account the current balance on accounts of Stabilization fund.

19. After decision making of the President of the Kyrgyz Republic the authorized state body performs the corresponding procedures for financing of the actions specified in the decision according to addresses of receivers of means, and also in process of receipt of sources of replenishment of Stabilization fund.

20. According to the decision of the President of the Kyrgyz Republic of means of Stabilization fund can be provided in accordance with the established procedure in the form of budget credit according to the budget legislation, and also in other form on returnable basis.

21. Budgetary institutions have the right to address to authorized state body for receipt of permission to opening of accounts in commercial banks for use of the funds of Stabilization fund allocated according to decisions of the President of the Kyrgyz Republic.

Chapter 5. Reporting

22. Receivers of means bear responsibility, stipulated by the legislation the Kyrgyz Republic, for safety and target use of money of Stabilization fund.

23. Receivers of means quarterly constitute and provide the report on the means received from Stabilization fund in authorized state body. The report also shall include the financial reporting.

24. The authorized state body creates and submits the report on receipts and use of means of Stabilization fund in Administration of the President of the Kyrgyz Republic and the Cabinet of Ministers of the Kyrgyz Republic on quarterly basis.

25. The authorized state body annually publishes on the official site the report on receipts and use of means of Stabilization fund till May 1 of the year following for reporting taking into account ensuring protection of the state or protected by the law other secret.

 

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