“That said, including the launch of the National Fund for Children program and implementation of the first payments under this program in the amount of 30.6 million US dollars, target requirements were formed, which formed about 665 million US dollars. Thus, at the end of the first quarter, the volume of foreign exchange holdings of the National Fund minus liabilities, i.e., target requirements under the National Fund for Children program, amounted to 60.73 billion US dollars,” said the Deputy Chairman of the National Bank.
Due to mixed economic data in the US market, bonds fell in price by 0.8% in the first quarter. However, certain asset classes, such as shares (+8.5%) and gold (+7.0%), showed good returns in the reporting period. As a result of significant growth in the equity and gold markets, the National Fund's investment return amounted to US$1.78 billion in the first quarter.
“Transfers to the national budget amounted to 1,450 billion tenge. The volume of transactions for sale of foreign exchange from the National Fund for the allocation of transfers in the first quarter this year was 2.41 billion US dollars, while foreign exchange earnings amounted to 2.03 billion US dollars. Thus, the increase in the volume of foreign exchange holdings of the National Fund in the past period was due to return on investment,” concluded Aliya Moldabekova.
Source: https://prodengi.kz/post/kakaya-summa-byla-vyplacena-po-programme-nacfond-detyam
Photos are from open sources.
