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Government of Kazakhstan sets up anti-crisis reserve fund — first deputy PM

January 15, 11:53 UTC+3 ASTANA
The special reserve for 2016 is planned in the amount of 225.5 bln tenge ($615.5 mln)
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Kazakhstan's capital of Astana

Kazakhstan's capital of Astana

© EPA/SERGEI CHIRIKOV

ASTANA, January 15. /TASS/. Special reserve fund set up by the Kazakhstan’s government to finance anti-crisis measures in 2016 will amount to 225.5 bln tenge ($615.5 mln), First Deputy Prime Minister of Kazakhstan Bakytzhan Sagintaev said on Friday.

"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 [infrastructure upgrade program — TASS] and other activities," Sagintaev added.

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