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Kazakhstan's government pays off debts towards Turkmenistan and Russia without legal working out of issue: countable committee chairman

Business Materials 23 June 2009 18:38 (UTC +04:00)

Kazakhstan, Astana, June 23 / Trend K. Konyrova /

The Kazakh government, carefully paying off its debts towards other nations, does not always clear up their validity and reality, countable committee chairman Omarkhan Oksikbayev said in the senate on June 23.

It is unclear that the government, carefully paying off its debts towards other nations, seldom clears up their validity and reality," Oksikbayev said addressing at joint meeting of the parliament's chambers in Astana on June 23. 

Debts in the amount of 4 billion tenge ($1- 150 tenge) towards Turkmenistan and the Russian Federation were paid off without sufficient legal working out of this issue, head of the committee said. 

"The Kazakh government misses monitoring of agreements according to which economic interest of the country must be protected and budget must be filled. So, paying off debt for electric power delivered to consumers of western-Kazakh region by the Russian Federation in the amount of 2.5 billion tenge in 1998-1999 contradicted norms of budget code. Final borrower of budget loan was western-Kazkh distributing electric power company JSC," Oksikbayev said.  

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