ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of April 25, 2016 No. 245

About modification and amendments in the order of the Government of the Republic of Kazakhstan of June 15, 2009 No. 906 "About approval of Rules of determination of limit of government debt and debt of local executive body, limits of provision of the state guarantees and guarantees of the state"

The government of the Republic of Kazakhstan DECIDES:

1. Bring in the order of the Government of the Republic of Kazakhstan of June 15, 2009 No. 906 "About approval of Rules of determination of limit of government debt and debt of local executive body, limits of provision of the state guarantees and guarantees of the state" the following changes and amendment:

in Rules of determination of limit of government debt and debt of local executive body, limits of provision of the state guarantees and guarantees of the state approved by the specified resolution:

state Items 3 and 3-1 in the following edition:

"3. The limit of government debt for the corresponding financial year is created proceeding from limit of the government debt on the end of the year preceding the planned financial year of the total amount of financing of deficit of the republican budget due to government borrowing in the domestic market and government borrowing in the foreign market in the planned financial year taking into account settlement rate of currency exchange according to appendix 1 to these rules and submitted for consideration of the Republican budget commission.

3-1. Refining of limit of government debt is made in cases of scope change of deficit of the republican budget established for the planned financial year or settlement rate of currency exchange when refining the republican budget within the corresponding financial year.";

add with Item 3-2 of the following content:

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