The updated paragraph 17 of this Procedure rephrases the second sentence, which now obliges the initiating entity, after approval of the request for allocation of funds, to independently prepare a draft decision for the President and submit it to the Administration in the established manner. This change increases accountability for decision-making and facilitates the acceleration of document flow.
The decree will come into force 10 days after its official publication. It will be published in the newspaper "Erkin Too" on November 18, 2025, under number 91.
Text of the document
Appendix
(to the Decree of the President of the Kyrgyz Republic
dated September 5, 2025, No. 252)
PROCEDURE
for the formation and use of the Stabilization Fund of the Kyrgyz Republic
(As amended by the Decree of the President of the KR dated November 14, 2025, No. 313)
Chapter 1. General Provisions
1. This Procedure defines the legal and organizational foundations for the formation and use of the funds of the Stabilization Fund of the Kyrgyz Republic (hereinafter - the Stabilization Fund).
2. The Stabilization Fund is an extrabudgetary fund created to support the socio-economic development of the Kyrgyz Republic.
Chapter 2. Goals and Objectives of the Stabilization Fund
3. The main goals of the Stabilization Fund include:
1) ensuring stable socio-economic development in the country;
2) reducing the economy's dependence on unfavorable external factors;
3) strengthening national security and defense capability of the Kyrgyz Republic.
4. The objectives of the Stabilization Fund are:
1) financing specific activities;
2) investing in financial instruments, including precious metals.
5. The funds of the Stabilization Fund may be directed to:
1) implementation of state socio-economic programs;
2) creation, increase, renewal, and modernization of fixed assets;
3) development of various sectors of the economy;
4) other activities defined by the President of the Kyrgyz Republic.
Chapter 3. Sources and Procedure for the Formation of the Stabilization Fund
6. The funds for the formation of the Stabilization Fund come from the following sources:
1) privatization of strategic facilities;
2) sale of subsoil plots of national significance;
3) income from the management of the Stabilization Fund;
4) other funds determined by the President of the Kyrgyz Republic (hereinafter - other funds).
7. Other funds include:
1) voluntary contributions from legal entities and individuals, residents and non-residents of the Kyrgyz Republic;
2) funds received from law enforcement agencies in the form of compensation for damage to the state;
3) other receipts that comply with the goals of the budget legislation of the Kyrgyz Republic;
4) funds administered by the authorized body, in accordance with the procedure for the alienation of assets that pass into state ownership;
5) additional funds not provided for in the republican budget;
6) redistribution of budget expenditures according to the decisions of the Cabinet of Ministers;
7) the amount of transfers to the Stabilization Fund provided for in the formation of the republican budget project.
8. Funds received under subparagraphs 1, 2, and 4 of paragraph 6 are accounted for in the resources of the republican budget for subsequent transfer to the Stabilization Fund.
9. Funds not provided for in the law on the republican budget before its amendment are transferred to the Stabilization Fund with subsequent notification of the relevant committee of the Jogorku Kenesh of the Kyrgyz Republic.
10. Investment income from the management of the fund is credited directly to its accounts.
11. The funds specified in subparagraphs 1-3 of paragraph 7 are credited to the resource part of the budget and then transferred to the Stabilization Fund through the expenditure part of the budget.
12. The funds of the Stabilization Fund are accumulated in the accounts of the authorized state body at the National Bank of the Kyrgyz Republic and are considered as a single consolidated account.
13. The regulations for servicing the accounts of the Stabilization Fund are determined in the contract between the authorized body and the National Bank of the Kyrgyz Republic.
Chapter 4. Management of the Stabilization Fund
14. The decision to allocate funds from the Stabilization Fund is made by the President of the Kyrgyz Republic.
15. The executive management body is the authorized state body responsible for administering the Stabilization Fund, managing its accounts, and financing activities according to paragraph 5.
16. State bodies, local self-government bodies, and legal entities have the right to receive funds from the Stabilization Fund.
17. The request for fund allocation must be submitted to the President of the Kyrgyz Republic, and after its consideration, the initiator must prepare a draft decision and send it to the Administration of the President.
(As amended by the Decree of the President of the KR dated November 14, 2025, No. 313)
18. The authorized body analyzes the draft decision on the allocation of funds taking into account the balance in the accounts of the Stabilization Fund.
19. After the decision is made by the President, the body finances the activities specified in the decision, in accordance with the inflow of sources replenishing the fund.
20. By the President's decision, the fund's resources may be provided in the form of a budget loan or in another repayable form.
21. Budgetary institutions may apply to the authorized body for permission to open accounts in commercial banks for the use of funds from the Stabilization Fund.
Chapter 5. Reporting
22. Recipients of funds are responsible for the safety and targeted use of the funds in accordance with the legislation of the Kyrgyz Republic.
23. Each quarter, recipients must provide the authorized body with a report on the funds received from the Stabilization Fund, including financial reporting.
24. The authorized body forms and submits a report on the receipts and use of the funds of the Stabilization Fund to the Administration of the President and the Cabinet of Ministers quarterly.
25. Annually, the authorized body publishes a report on the receipts and use of funds on its official website by May 1 of the year following the reporting year, taking into account the protection of state secrets.
