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Kazakhstan panel to oversee 6.5 trillion tenge in National Fund spending

Hands reviewing financial documents for a construction cost estimate, with a calculator and construction blueprint alongside.

Photo: Kindel Media / Pexels

A special government commission will oversee spending under Kazakhstan’s “People’s Construction” programme, President Kassym-Jomart Tokayev said. Plans call for 6.5 trillion tenge from the National Fund to be allocated to the programme over the next three years (vlast.kz). The money is intended for infrastructure and social projects.

What happened

Tokayev announced the formation of a commission to monitor how the programme’s funds are used.

The requirement concerns the commission members’ own work. Tokayev urged them to work professionally and without unnecessary publicity.

“The main requirement is that its members do their work efficiently and to a high professional standard, without unnecessary noise or publicity,” the president said.

What this means

The commission will oversee spending across the programme as a whole. The programme also includes roads, energy facilities and other infrastructure.

Plans include around 70 healthcare facilities and 50 education and sports facilities. The special commission will monitor how the money allocated to the programme is used.

The planned allocation of 6.5 trillion tenge covers three years.

Tokayev announced the withdrawal of this money from the National Fund in his annual address in late October. At the time, the president introduced the “Халықтық құрылыс” initiative. Related: infrastructure modernisation plan.

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