The Ministry of Finance of the Republic of Kazakhstan (MF RK,
Kazakh: Қазақстан Республикасы Қаржы министрлігі, romanized: Qazaqstan Respublikasy Qarjy ministrlıgı, ҚР ҚарМин;
Russian: Министерство финансов Республики Казахстан, МФ РК) is a central executive body of the
Government of Kazakhstan, providing leadership and intersectoral coordination in the financial sector. It was established on 17 December 1991, just a day after
Kazakhstan declared its independence from the
Soviet Union, the Law "On budget system of the Republic of Kazakhstan" was introduced.[1] The Ministry is currently led by
Erulan Jamaubaev.
budget accounting and reporting on budget execution;
accounting and reporting on the National Fund of the Republic of Kazakhstan;
ensuring the receipt of taxes and other mandatory payments to the budget;
fullness and timeliness of transfer of mandatory pension contributions and social deductions to the State Security Fund;
state regulation of production and turnover of ethyl alcohol and alcoholic products;
state regulation of production and turnover of tobacco products;
state regulation of production and turnover of individual types of petroleum products;
state regulation in the field of customs;
state and guaranteed borrowing by the state;
budget lending;
management of republican state property;
management of government and guaranteed by the state debt and debt to the state;
regulation of public procurement;
implementation of internal financial control;
implementation of control over bankruptcy procedures (with the exception of banks, insurance (reinsurance) organizations and accumulative pension funds);
regulation of activities in the field of accounting and financial statements;
regulation in the field of audit activity and control over the activities of audit and professional organizations, conducting state monitoring of property;