The National Fund of the Republic of Kazakhstan is a sovereign wealth fund created by the government of Kazakhstan in 2000 in order to manage oil revenue more effectively. Tax revenues from certain oil and gas companies accumulate this fund. The list of oil and gas companies updated by the government of Kazakhstan. Information about revenues and expenditures of the fund is provided by the central bank of Kazakhstan and by the Ministry of Finance of Kazakhstan.[1][2][3][4][5] The National Fund of Kazakhstan performs 2 main functions. First of all, it stabilizes budget revenue during economic cycles and reduces volatility from the inflow of oil revenues. Secondly, a savings function to ensure equity between generations due to unforeseen income from the sale of oil.[6]

References

  1. ↑ President of the Republic of Kazakhstan. (August 23, 2000). Decree number 402.
  2. ↑ President of the Republic of Kazakhstan. (January 29, 2001). Decree number 543.
  3. ↑ President of the Republic of Kazakhstan. (September 1, 2005). Decree number 1641.
  4. ↑ President of the Republic of Kazakhstan. (April 2, 2010). Decree number 962.
  5. ↑ Azhgaliyeva, D., 2014. The effect of fiscal policy on oil revenue fund: The case of Kazakhstan. Journal of Eurasian Studies, 5(2), pp.157-183.
  6. ↑ "National Fund of the Republic of Kazakhstan" (PDF). Retrieved 8 September 2023.


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