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

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

1. The following basic concepts shall be used in this Code:

1) approved budget - a budget approved by the Parliament of the Republic of Kazakhstan or the corresponding maslikhat;

2) budget - a centralized monetary fund of the state, intended for financial support of the implementation of its tasks and functions;

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

4) budget funds - money and other assets of the state, the receipt of state property and the expenditure of which shall be reflected in the budget in cash;

5) underutilization of budget funds - the excess of the financing plan for payments over the paid obligations under the budget program, minus budget savings, which has developed at the end of the reporting period, unallocated reserve balance for initiatives of the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan and local executive bodies, return of targeted transfers allocated from the National Fund of the Republic of Kazakhstan, and return of targeted transfers for development, 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, consideration, approval, execution, clarification, sequestration and adjustment of the budget, accounting and financial reporting, budget accounting and budget reporting, monitoring and evaluation of results;

7) budget policy - a set of measures to manage public finances of the Republic of Kazakhstan aimed at ensuring the sustainability of public finances;

8) off-budget fund - a centralized monetary fund created in the form of a legal entity, the founder and sole shareholder of which shall be the state, or a cash control account, the main purpose of which shall be to implement the socio-economic tasks of the development of the republic or region;

9) inefficient implementation of budget programs - failure to achieve the final results stipulated by the passports of budget programs, including with the full use of budget funds;

10) budget relations - relations arising in the budget process;

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

12) reporting fiscal year - the year preceding the current financial year of the planned period;

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

14) regular fiscal year - the year following the current fiscal year;

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

16) financing - allocation of budget money to their recipients;

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

18) state assets - property and non-property goods and rights having a value assessment, obtained into state ownership as a result of past operations 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) renewal of existing industries;

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

21) stability of public finances - the state of public finances, providing financing for the implementation of the tasks and functions of the state, taking into account its obligations in the long term;

22) revised budget - the approved budget, taking into account amendments and additions adopted by the Parliament of the Republic of Kazakhstan or the relevant maslikhat during its implementation;

23) results indicators - a set of target indicators, final results characterizing the activities of a state body to implement a development plan of a state body, action plans or development plans of entities of the quasi-public sector, development plans of the region, the city of republican significance, the capital and (or) passports of budget programs, as well as entities of the quasi-public sector to implement their action plans or development plans;

24) target indicator - an indicator that quantitatively measures the achievement of the goal of a development plan of a state body, an action plan or a development plan of a quasi-public sector entity, or a development plan of a region, city of republican significance, capital;

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

26) balance - compliance of assumed obligations with the amount of planned budget funds at the level not exceeding the budget established by the project;

27) adjusted budget - the approved (updated) budget, taking into account amendments and additions introduced during its implementation on the basis of decisions 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 - the indicator of the passport of the budget program, which qualitatively measures the achievement of the goal and (or) the target indicator of the development plan of the state body, the development plan of the region, the city of republican significance, the capital and (or) the budget program within the provided budget funds;

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

2. Other concepts of budget legislation of the Republic of Kazakhstan not specified in this article shall be 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 used in the sense in which they are used in the relevant branches of the legislation of the Republic of Kazakhstan, unless otherwise provided by this Code.

When the definitions of concepts of budget legislation of the Republic of Kazakhstan do not coincide with the definitions of concepts of other branches of legislation of the Republic of Kazakhstan, the concepts of budget legislation of the Republic of Kazakhstan shall be used in relation to budget relations.

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

President

Republic of Kazakhstan

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