US$ 15 billion to be injected in Kazakhstan economy

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Kazakhstan economy will receive additional US$ 15 billion which is equal to 15 % of Kazakhstan GDP reported Karim Massimov, Kazakh Prime Minister on the selective session of Kazakh Government today.

“As soon as we get the deputies’ approval in short period of time US$ 5 billion will be injected through “SamrukKazyna” Holding and other US$ 5 billion through National Fund,” Massimov said.

Премьер предложил депутатам рассмотреть уточнение в бюджет 2008 в кратчайшие сроки.

Then Prime Minister explained that according to preliminary arrangement between the National Bank and second level banks other US$ 5 billion will be allocated for liquidity support.

“These huge funds will enable to make a great breakthrough and to neutralize consequences of external market crisis” Prime Minister concluded.

Prime Minister offered to deputies look through specifications of the budget for 2008 as soon as possible.

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