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Prime Minister instructs to estimate the economic impact of legalization

by December 6, 2016 Health

Prime Minister of Kazakhstan Bakytzhan Sagintayev instructs to analyze the impact of the legalization on the economy of Kazakhstan.

The Prime Minister notes the need to analyze the impact of the legalization on the economy of Kazakhstan and estimate the resulting economic benefits.

Legalization is the procedure for recognition of property rights by the state derived from legal economic turnover for the purpose of concealing incomes or not registered in accordance with the legislation of the Republic of Kazakhstan. The main purpose of legalization is the involvement in the economy of additional funds in the form of legalized capital.

According to the Ministry of Finance, 4 trillion tenge is legalized today, including the property in the amount of 1.1 trillion tenge, money in the amount of 2.9 trillion tenge. 399.2 billion tenge of legalized funds were credited to the bank accounts from abroad.

The acting legalization campaign concludes at the end of December this year.

Source: Government of the Republic of Kazakhstan