ORDER OF THE MINISTER OF ECONOMY AND BUDGET PLANNING OF THE REPUBLIC OF KAZAKHSTAN

of August 29, 2008 No. 187

About development of Rules of establishment of financial borders and priorities of adoption of concessionary obligations

According to the subitem 4) of article 9 of the Law of the Republic of Kazakhstan of July 7, 2006 "About concessions", I ORDER:

1. Approve the enclosed Rules of establishment of financial borders and priorities of adoption of concessionary obligations.

2. To impose control of execution of this order on the vice-Minister of Economy and Budget Planning of the Republic of Kazakhstan Kusainov M. A.

3. This order becomes effective from the date of signing.

Approved by the order of the Minister of Economy and Budget Planning of the Republic of Kazakhstan of August 29, 2008 No. 187

Rules of establishment of financial borders and priorities of adoption of concessionary obligations

1. General provisions

1. These rules of establishment of financial borders and priorities of adoption of concessionary obligations (further - Rules) are established according to the subitem 4) of article 9 of the Law of the Republic of Kazakhstan of July 7, 2006 "About concessions" for the purpose of determination and regulation of method of calculation of limit of concessionary obligations.

2. The main objectives provided in these rules are:

non-admission of excessive growth of concessionary obligations of the Government of the Republic of Kazakhstan;

development of the domestic market of debt instruments.

3. The size of limit of concessionary obligations is rounded with an accuracy of one million.

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