OREANDA-NEWS. November 21, 2014. Majilis of Kazakh Parliament has approved a draft law "On guaranteed transfer from the National Fund of the Republic of Kazakhstan for 2015-2017" at the plenary session.

"In accordance with the decision of the National Fund Governing Council to increase the fixed rate of the guaranteed transfer up to 15 percent, its rate is determined in the amount of one trillion 702 billion tenge annually for 2015-2017," Minister of National Economy of Kazakhstan Yerbolat Dossayev said submitting the bill .

According to him, the restriction on the permanent balance of resources in the National Fund not lower than 30 percent of GDP is not affected by the specified rate of the guaranteed transfer in 2015-2017 and attracting targeted transfers. It is expected that, total volume of the National Fund resources will increase from 97.7 billion US dollars in 2015 to 115.6 billion US dollars in 2017.