PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of November 24, 2014 No. 966

About modification and amendments 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" and recognition No. 234 which voided the Presidential decree of the Republic of Kazakhstan of December 29, 2006 "About the Concept on management of the public and gross external debt"

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 and amendment:

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

in the Section "1. Vision of new budget policy in the Republic of Kazakhstan":

add the subsection "Analysis of the Current Situation" with part thirty eighth of the following content:

"Also growth of external debt of the country both in absolute, and in relative values is observed. So, the amount of external debt for the end of 2011 made 125, 3 billion US dollars or 66,7 of % to GDP, and for the end of 2013 - 149, 9 billion US dollars or 64,8 of % to GDP";

in the subsection "The Purposes, Tasks, the Period of Realization and the Expected Results from Implementation of the Concept":

5) to state the subitem to part three in the following edition:

"5) maintenance of the public, quasi-public and external debt of the country at the safe level;";

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

state the subsection "Maintenance of Public Debt and Debt of the Quasi-public Sector at the Safe Level" in the following edition:

"Maintenance of the public, quasi-public and external debt of the country at the safe level

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