NUR-SULTAN Approximately 105 billion tenge (US$274.32 million) will be required to execute President Kassym-Jomart Tokayevs decree to provide debt relief to some of the countrys most vulnerable groups, said First Deputy Prime Minister and Minister of Finance Alikhan Smailov at a recent press conference.
Gulshara Abdykalikova. Photo credit: kazpravda.kz.
Of that figure, approximately 88 billion tenge (US$229.9 million) will be drawn from the national budget and 17 billion tenge (US$44.41 million) from bonds issued from the Troubled Loans Fund.
The Presidents one-time action calls for the government to take measures to repay unsecured consumer loans in second-tier banks and microfinance organisations for certain segments of the populatio…
Read the full article at: https://astanatimes.com/2019/07/executing-debt-relief-for-approximately-500000-kazakhstan-citizens-to-cost-274-million-over-two-months-say-ministers/