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Kazakhstan sets up anti-crisis reserve fund

Kazakhstan sets up anti-crisis reserve fund

The National Fund will be set up by the Government of Kazakhstan to prepare the anti-crisis measures in 2016, which equals 225.5 bln tenges ($615.5 mln), the first Deputy of the head of Kazakhstan's Government Bakytzhan Sagintaev told on Friday briefing.

"A special reserve intended for financing of prompt anti-crisis measures will be additionally provided in the republican budget from this year for implementation of extra tasks. The special reserve for 2016 is planned in the amount of 225.5 bln tenge ($615.5 mln)," the official said.

Funds will be spent "to support employment, additional funding of Nurly Zhol and other activities," Mr. Sagintaev added.

Photo: www.kursiv.kz

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