National Fund: How Are the Requirements for Reporting and Transparency Being Met?

National Fund: How Are the Requirements for Reporting and Transparency Being Met?

Author: Umitzhan Bakelekova
Mentor: Kalima Tazhikul

Current legislation clearly sets out requirements for the transparency and reporting of the National Fund. For example, the Ministry of Finance must publish data on the fund's income and expenditure every month, as well as an annual report on how its assets are formed and used. The National Bank, in turn, must post information on the volume of the fund's assets on its website every month and present the results of managing these assets every year. When these requirements are met, the principle of transparency is put into practice and the population's financial literacy improves.

However, experts note that today the principle of transparency of the National Fund, as enshrined in law, is not being fully observed.

If a high level of financial literacy in society is one of the signs of development, why are we still not striving to ensure the full transparency of the National Fund?

*The original article is written in Kazakh

You can read the full article prepared by the project resident by following the link: https://kz.kursiv.media/kk/2025-08-06/mtzh-ulttyq-qor-eseptilik-pen-ashyqtyq-talaptary-qalaj-oryndalyp-zhatyr/