Article 3. Basic concepts used in this Code Budget Code of the Republic of Kazakhstan

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1. The following basic concepts are used in this Code:

1) approved budget – the budget approved by the Kurultai of the Republic of Kazakhstan or the relevant maslikhat;

2) budget – the centralized monetary fund of the state intended for financial support of realization of its tasks and functions;

3) budget system – a set of budgets, the National Fund of the Republic of Kazakhstan, as well as budget processes and relations, including with quasi-public sector entities, extra-budgetary funds;

4) budgetary funds – money and other assets of the state, the receipt of which into state ownership and expenditure are reflected in the budget in monetary form.;

5) non–utilization of budgetary funds - the excess of the financing plan for payments over the paid obligations under the budget program based on the results of the reporting period, minus budget savings, the unallocated reserve balance for initiatives of the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan and local executive bodies, the return of targeted transfers allocated from the National Fund of the Republic of Kazakhstan, and the return of targeted transfers development funds allocated in the reporting financial year, allowed to be used in accordance with this Code.;

6) budget process – the activities of participants in the budget process regulated by the budget legislation of the Republic of Kazakhstan at the stages of forecasting, planning, review, approval, execution, clarification, sequestration and budget adjustments, accounting and financial reporting, budget accounting and budget reporting, monitoring and evaluation of results;

7) budget policy – a set of measures for the management of public finances of the Republic of Kazakhstan, aimed at ensuring the sustainability of public finances;

8) an extra–budgetary fund is a centralized monetary fund created in the form of a legal entity, the founder and sole shareholder of which is the state, or a cash control account, the main purpose of which is to implement socio-economic development objectives of the republic or region.;

9) inefficient execution of budget programs – failure to achieve the final results provided for in the passports of budget programs, including with the full disbursement of budget funds;

10) budgetary relations – the relations arising in the budgetary process;

11) budget operations – operations carried out in the process of budget execution;

12) the reporting financial year is the year preceding the current financial year of the planned period.;

13) planning period – three financial years following the current financial year;

14) the next financial year is the year following the current financial year.;

15) fiscal year – the time period beginning on January 1 and ending on December 31 of the calendar year during which the budget is executed;

16) financing – allocation of budget funds to their recipients;

17) short–term period - a period of up to one year;

18) assets of the state – property and non-property benefits and rights having a valuation, acquired into state ownership as a result of past transactions or events;

19) state investment project – a set of measures provided for by this Code aimed at the creation and (or) development of assets, including the creation of new, expansion and (or) renovation of existing production facilities;

20) public finance is a system of relations between the republican budget, local budgets, the National Fund of the Republic of Kazakhstan, quasi–public sector entities, and extra-budgetary funds arising from the formation, distribution, and redistribution of assets and liabilities of the public sector;

21) sustainability of public finances – the state of public finances that provides financing for the implementation of the tasks and functions of the state, taking into account its obligations in the long term;

22) updated budget – the approved budget, taking into account the amendments and additions adopted by the Kurultai of the Republic of Kazakhstan or the relevant maslikhat during its execution;

23) performance indicators – a set of target indicators, final results characterizing the activities of a state body for the implementation of a development plan for a state body, action plans or development plans for quasi-public sector entities, regional development plans, cities of republican significance, the capital and (or) passports of budget programs, as well as quasi-public sector entities for the implementation of their action plans or development plans;

24) target indicator is an indicator that quantifies the achievement of the goal of a government agency's development plan, action plan, or development plan for a quasi–public sector entity, or a regional development plan, a city of national significance, or the capital;

25) medium–term period - the period following the current financial year, lasting from one to five years.;

26) balance – the compliance of the obligations assumed with the amounts of the planned budget funds at a level not exceeding that established by the draft budget;

27) adjusted budget – an approved (clarified) budget, taking into account changes and additions made during its execution on the basis of resolutions of the Government of the Republic of Kazakhstan and local executive bodies, decisions of akims of cities of regional significance, villages, towns, rural districts and other regulatory legal acts of the Republic of Kazakhstan;

28) the final result is an indicator of the budget program passport, which qualitatively measures the achievement of the goal and (or) the target indicator of the development plan of a state body, the development plan of a region, a city of republican significance, the capital and (or) the budget program within the limits of the provided budget funds.;

29) long–term period - the period following the current financial year, lasting from five to thirty years.

2. Other concepts of the budget legislation of the Republic of Kazakhstan not specified in this article are used in the meanings defined in the relevant articles of this Code.

The concepts of other branches of the legislation of the Republic of Kazakhstan used in this Code shall be applied in the meaning in which they are used in the relevant branches of the legislation of the Republic of Kazakhstan, unless otherwise provided by this Code.

If the definitions of the concepts of the budget legislation of the Republic of Kazakhstan do not match the definitions of the concepts of other branches of the legislation of the Republic of Kazakhstan, the concepts of the budget legislation of the Republic of Kazakhstan are used in relation to budgetary relations.

Code of the Republic of Kazakhstan dated March 15, 2025 № 171-VIII.

President

Republic of Kazakhstan

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