Article 22. Ensuring economic security of the Law on National Security of the Republic of Kazakhstan

Home / RLA / Article 22. Ensuring economic security of the Law on National Security of the Republic of Kazakhstan

1. Economic security includes:

1) financial security, which provides for a state of protection of the financial system from real and potential threats, in which the state is able to ensure its integrity, independence and sustainable development;

2) food security, which provides for a state of security for the economy, including the agro-industrial complex, in which the state is able to ensure the physical and economic accessibility of high-quality and safe food products to the population, sufficient to meet physiological consumption standards and demographic growth;

3) energy security, which provides for a state of protection of the fuel and energy, oil and gas, and nuclear power complexes of the economy from real and potential threats, in which the state is able to ensure energy independence and their sustainable development to meet the needs of society and the state in energy resources.;

4) transport security, which provides for the state of protection of the transport sector of the economy from real and potential threats, in which the state is able to ensure the creation of conditions to meet the needs of the economy and the population in transportation by road, rail, air, sea and river modes of transport and related services, the formation and development of transport infrastructure, as well as sustainable development and ensuring the competitiveness of transit potential.

2. Economic security is ensured by decisions and actions of government agencies, organizations, officials and citizens aimed at:

1) ensuring the stability and sustainability of the development of the national economy, including its industrial and innovative component;

2) ensuring financial, energy, food and transport independence of the Republic of Kazakhstan;

3) preventing Kazakhstan's economic isolation from the global economic system;

4) preserving the independence of the Republic of Kazakhstan and ensuring respect for national interests in economic decision-making, including within the framework of supranational economic integration bodies;

5) further diversification of the economy, preservation and strengthening of the resource and energy base of the country's economy;

6) maximizing the degree of vulnerability of the state's economy related to the impact of negative factors arising in the geopolitical environment of Kazakhstan;

7) ensuring mutually beneficial cooperation with domestic and international financial institutions, prioritizing the allocation of internal and external credit resources and investment opportunities for the development of the domestic economy;

8) not exceeding the maximum allowable level of the state budget deficit and strengthening its revenue side;

9) prevention of misuse of budgetary funds and state resources, reduction of the scale of the shadow economy;

10) preventing an increase in external debt against the amounts established by the Law of the Republic of Kazakhstan "On the Republican Budget";

11) prevention of a threatening imbalance in the socio-economic development of the regions of Kazakhstan;

12) increase the share of production of goods and services of Kazakhstani origin in the country's economy, provided that competition is encouraged and monopolism is limited;

13) ensuring physical and economic accessibility, compliance of goods and services produced, imported and sold in the Republic of Kazakhstan with the requirements for their quality and safety established by the legislation of the Republic of Kazakhstan;

14) increasing the competitiveness of goods and services of Kazakhstani origin;

15) ensuring the priority formation, renewal and replenishment of the state material reserve and regional stabilization funds for food products, regardless of the impact of internal and external adverse factors;

16) increasing the role of public associations, associations (unions) of entrepreneurs in ensuring economic security;

17) ensuring the availability and openness of information on the state of the economy and trade and economic relations with foreign countries.

3. In order to protect the national interests of the Republic of Kazakhstan, including the preservation and strengthening of industrial potential, the State, in compliance with guarantees provided to foreign investors, monitors the condition and use of Kazakhstan's economic facilities managed or owned by foreign organizations and organizations with foreign participation.

4. National security requirements are necessarily taken into account when concluding (changing) contracts for the use of strategic resources of the Republic of Kazakhstan, executing these contracts and monitoring their execution, as well as when making decisions by a state body on issuing or refusing to issue permits for the partial or complete transfer by a subsurface user of subsurface use rights to another person and when issuing or refusing in issuing permits for the alienation of a participation interest (block of shares) in a legal entity that has the right to subsurface use.

In this case, the state body has the right to refuse to grant permission to the applicant to make transactions provided for in this paragraph, if this may entail the concentration of rights to conduct transactions for one person or a group of persons from one country.

Compliance with this condition is also mandatory for transactions with affiliated companies.

5. It is not allowed to make decisions and commit actions contrary to the interests of formation and uninterrupted functioning.:

1) the market space of the Republic of Kazakhstan, within which the free movement of labor, financial and other resources is carried out;

2) the financial system of the Republic of Kazakhstan, including the circulation of the national currency tenge throughout the country;

3) unified and independent communication and energy systems of the Republic of Kazakhstan.

6. Procedures for decision-making by government officials related to the following issues should be open and controlled within the limits established by law.:

1) allocation of funds from the national and local budgets, including for public procurement and allocated credit resources;

2) issuing permits and licenses;

3) granting privileges and preferences to business entities established by law;

4) privatization of state-owned facilities.

7. It is prohibited and entails responsibility for making decisions and actions.:

1) hindering industrial and innovative development and the inflow of investments into the economy of Kazakhstan;

2) contributing to the uncontrolled export of capital and goods outside the country;

3) provoking unjustified price increases for goods and services;

4) facilitating the importation into the domestic market of goods and services that are dangerous to the health and life of the population;

5) facilitating the transfer of mineral deposits and economic facilities to economic entities to the detriment of national security.

8. In order to ensure national security, the Government of the Republic of Kazakhstan establishes restrictions on the transfer and emergence of ownership rights to strategic resources (facilities) of the Republic of Kazakhstan.

9. In case of deterioration of the state of economic security, the Government of the Republic of Kazakhstan has the right to impose temporary bans and restrictions on the export and import of goods.

The Law of the Republic of Kazakhstan dated January 6, 2012 No. 527-IV.

This Law regulates legal relations in the field of national security of the Republic of Kazakhstan and defines the content and principles of ensuring the security of man and citizen, society and the state, the system, goals and directions of ensuring national security of the Republic of Kazakhstan.

President

Republic of Kazakhstan

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