Kazakhstan Aims for National Fund Independence by 2030

Kazakhstan's National Bank Governor Timur Suleimenov recently addressed the nation's continued reliance on transfers from the National Fund. These transfers, which totaled 5.6 trillion tenge in 2024, are a significant source of funding for the national budget. Suleimenov acknowledged the current necessity of these funds, stating, "While it's not ideal, we need these transfers to ensure the budget is stable." However, he expressed optimism that Kazakhstan could become independent of these transfers by 2030. This would require significant economic reform and diversification, but the goal represents a step towards greater financial autonomy for the country. The statement offers a glimpse into Kazakhstan's financial planning and its long-term economic strategy.