The Council on the management of the National Wealth Fund Samruk-Kazyna Joint-Stock Company is a consultative and advisory body headed by the First President of the Republic of Kazakhstan - Elbasy.
The main task of the Council is to develop proposals on the management of the Samruk-Kazyna National Wealth Fund.
The concept of formation and use of funds of the National Fund of the Republic of Kazakhstan was developed in accordance with the Message of the President of the Republic of Kazakhstan to the people dated November 30, 2015 "Kazakhstan in the new global reality: growth, reforms, development", where priorities for further development of the state in the context of the new global reality were identified.
The definition of new approaches to the formation and use of funds of the National Fund of the Republic of Kazakhstan will be a logical continuation of the ongoing policy of saving oil revenues for future generations of the country and reducing the dependence of the republican budget on changes in the global raw materials market.
The main goal of the National Fund is to save financial resources by creating savings for future generations and reducing the dependence of the republican budget on the situation in global raw materials markets.
Accordingly, the functions of the National Fund are savings and stabilization.
To perform the savings function, a minimum balance in the National Fund is established, and the maximum size of the National Fund is not limited.
The structure of the Council on the management of the National Wealth Fund "Samruk-Kazyna"
The first President of the Republic of Kazakhstan - Elbasy, Chairman of the Council
Prime Minister of the Republic of Kazakhstan,
Head of Administration of the President of the Republic of Kazakhstan ,
Chairman of the Board of "Samruk-Kazyna National Wealth Fund" Joint Stock Company (as agreed),
two representatives of domestic business,
a representative of foreign business.
The implementation of the stabilization function implies the provision of an annual guaranteed transfer to the republican budget, as well as the use of targeted transfers to finance anti-crisis programs aimed at stimulating economic growth during periods of economic recession or slowing of economic growth and implementing socially significant projects.