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Kazakhstan's recovered assets: 617.6 billion tenge for water and healthcare

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Kazakhstan's recovered assets: 617.6 billion tenge for water and healthcare

Kazakhstan has allocated 617.6 billion tenge (US$1.3 billion) from its Special State Fund to 466 projects since launching asset recovery in September 2023. Water supply and healthcare account for the largest share, while East Kazakhstan, North Kazakhstan and Astana lead regional allocations. Completed projects number 349, including 188 water-supply and 163 healthcare facilities.

Key Facts

  • Kazakhstan has returned 1.154 trillion tenge (US$2.5 billion) in assets to state ownership since September 2023.
  • The Special State Fund has allocated 617.6 billion tenge (US$1.3 billion) to 466 social and infrastructure projects.
  • Water supply (235 projects) and healthcare (190 projects) account for the largest share of allocations.
  • Annual asset returns rose from 302.5 billion tenge in 2024 to 773.7 billion tenge in 2025.
  • East Kazakhstan received the largest regional allocation at 78.9 billion tenge, followed by North Kazakhstan (69.4 billion) and Astana (64.7 billion).

Recovered Asset Returns

Kazakhstan has returned 1.154 trillion tenge (US$2.5 billion) in assets to state ownership since launching the program in September 2023. Of that total, 1.044 trillion tenge (US$2.3 billion) is in cash, and the remainder consists of real estate, company shares, land and other assets. Annual returns increased sharply from 302.5 billion tenge (US$653.9 million) in 2024 to 773.7 billion tenge (US$1.67 billion) in 2025. The fund returned a further 77.7 billion tenge (US$167.9 million) this year. Funds are channeled through the Special State Fund, created to finance social and infrastructure projects.

Project Allocations and Completion

The Special State Fund has allocated 617.6 billion tenge (US$1.3 billion) to 466 projects. Allocations include 235 water-supply projects, 190 healthcare facilities, 17 education projects, 11 infrastructure projects, seven transport facilities and six sports facilities. More than 253 billion tenge (US$546.9 million) has been spent on 364 projects, of which 349 have been commissioned. Completed projects include 188 water-supply facilities, 163 healthcare facilities, seven education facilities, three sports facilities, one transport facility and two infrastructure projects. President Kassym-Jomart Tokayev said in a Jan. 5 interview that returning illegally acquired assets is not a PR campaign but a principled position of the state.

Regional Distribution

East Kazakhstan received the largest allocation at 78.9 billion tenge (US$170.5 million), followed by North Kazakhstan with 69.4 billion tenge (US$150 million) and Astana with 64.7 billion tenge (US$139.8 million). The lowest allocations went to Shymkent, the Atyrau Region and the Mangystau Region. These differences do not necessarily reflect a region’s size or economic importance. The scale and geographic distribution indicate asset recovery is becoming a mechanism for addressing regional infrastructure gaps.

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Kazakhstan's recovered assets: 617.6 billion tenge for water and healthcare