Nursultan Nazarbayev, Kazakh President has decided to create a commission to monitor the expenditure of funds allocated from the National Fund of the Republic ,as informed by “Zakon.kz” IA

Commission on a permanent basis is responsible for monitoring the target, legitimate and efficient use of funds and to monitor the implementation and audit financial part of infrastructure and industrial projects financed by the fund.

In addition, it granted the right to request the necessary information, documents and other materials from government agencies and organizations with the state and officials, including verbal and written explanations of relevant officials.

However, the Commission may send information to law enforcement and national security agencies for consideration in accordance with legislation.

The Head of the Commission – Kairat Kelimbetov, the National Bank Chairman – will provide the President of Kazakhstan with a quarterly report on the status of funds allocated from the National Fund.

The body is also includes Bakhyt Sultanov, Deputy Prime Minister, Minister of Finance of Kazakhstan, Yerbol Orynbaev assistant to the president, Nurtai Abykayev, chairman of National Security Committee Askhat Daulbaev, Prosecutor General, Rashid Tussupbekov, chairman of the State Agency for Combating Economic Crimes and Corruption ( Financial Police) and other.