Returns of Assets Fostering Kazakhstan's Financial Development
In Kazakhstan, the Special State Fund is making a significant impact on various sectors, including water supply, healthcare, education, and sports. As of June 27, 2025, the fund had amassed 103.4 billion tenges, with funds from returned assets also contributing to its growth.
The fund supports large-scale water infrastructure projects, including the construction and upgrading of water pipelines and sewage systems. Currently, 230 water supply and sewage projects are underway nationwide, with a recent allocation of 5 billion tenge for water supply upgrades in Karagandy and 21.5 billion tenge in Akmola to improve access to quality drinking water.
Healthcare infrastructure is also receiving substantial support, with 162 healthcare projects under construction across Kazakhstan. This includes building 51 medical facilities in the Karagandy Region, worth 5.9 billion tenge, which encompass outpatient clinics, first aid, and obstetric stations in remote districts.
Ten educational facilities are also under construction, funded by the Special State Fund. A notable project is a children’s and youth sports school in Zerenda village, Akmola Region, which covers over 6,000 square meters and provides training in cross-country skiing, wrestling, and boxing for up to 90 children per shift.
Four sports projects are currently funded, aiming to enhance sports infrastructure and promote youth engagement in sports across different regions.
In total, the government has approved financing for 406 social and communal facilities amounting to 318 billion tenge, with 333 facilities under construction. This demonstrates a robust effort to improve public infrastructure and social services using assets recovered by the state.
Work is ongoing to sell property abroad in accordance with the respective country's legislation. The funds from the returned assets are being used to address public needs, such as building schools, hospitals, ensuring water access, and supporting regions. However, the specific sources for the funds spent on public needs and the regions supported are not specified in the provided text.
The majority of funding goes to the water supply sector, with 230 projects worth 160.6 billion tenges. Funding for 73 projects totaling over 80 billion tenge was approved at the recent meeting of the Republican Budget Commission.
The Law "On the Return of Illegally Acquired Assets to the State" was adopted on July 12, 2023, paving the way for the recovery of assets and their subsequent allocation to improve public services. The CMRA, a managing company established for accepting, preserving, and selling assets transferred to the state, plays a crucial role in this process.
As the Special State Fund continues to grow, it is expected to further boost the development of public infrastructure and social services in Kazakhstan.
The Special State Fund, with funds from returned assets, is prioritizing the development of water infrastructure, allocating a significant portion of funds to the water supply sector for 230 projects worth 160.6 billion tenges. Additionally, the fund is also providing resources for business ventures, as demonstrated by the ten educational facilities currently under construction, funded by the Special State Fund.
