The IMF mission positively assessed the forecast consolidated financial statements for the republican budget submitted to the Parliament of the Republic of Kazakhstan for the first time

A joint mission of the IMF and the Ministry of Finance of the Republic of Kazakhstan was held with the participation of the John Zohrab - Regional Advisor of Public Financial Management at International Monetary Fund, Ken Warren - international consultant (New Zealand), B.Sholpankulov - First Vice - Minister of Finance, G. Tuleshova - consultant of ADB and specialists of the Department of Budget Legislation on-line in order to determine the result of the reform stage and consider the possibility of further cooperation, from November 16 to December 4.

Within the framework of technical assistance, the IMF recommends a Conceptual Framework for Accrual Budgeting, carried out in stages, considering the specifics of the budget system of the Republic of Kazakhstan.

The Ministry of Finance has implemented the basic components of the reform: legislative, regulatory, educational, informational and automation of the process of formation forecast consolidated financial statements, which serves as the basis for formation of forecast consolidated financial statements for local budgets in 2023.

The intention for further technical support for the accrual budgeting reform was confirmed based on the results of the IMF mission.