Kazakhstan's National Fund receives record low oil revenue amid rising global prices
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Kazakhstan's National Fund received 83 billion tenge ($175.6 million) from oil companies in March, marking a record low. The total fund increased to 37.3 trillion tenge by the end of March. This comes even as global oil prices rise due to geopolitical tensions.
March Revenue Details
In March, Kazakhstan's National Fund collected 98.1 billion tenge ($207.6 million), including taxes, fines, and other payments from oil and gas companies. The fund's revenue from these companies was 83 billion tenge, the lowest since its inception in 2001, according to Orda.kz. The fund also includes income from state asset privatization and investment returns.
Fund Withdrawals and Balances
According to Finance KZ, withdrawals from the National Fund in the first three months of 2026 totaled 800.38 billion tenge, slightly exceeding the 799.54 billion tenge in deposits. The fund's balance stood at 37.33 trillion tenge as of April 1, 2026. The guaranteed transfer to the republican budget accounted for 800 billion tenge of the withdrawals.
Guaranteed Transfer Law Adopted
The Kazakh Parliament adopted a law on guaranteed transfers from the National Fund for 2023-2025. The law sets planned allocations of 2.2 trillion tenge in 2023, 2 trillion in 2024, and 1.9 trillion in 2025.
National Fund Child Payments Revoked
12,000 children lost payments under the 'National Fund – Children' program. Funds were deducted from their savings accounts because they left Kazakhstan and changed citizenship.
What's Next
The Ministry of Finance is expected to release further details on fund management. It remains uncertain how rising oil prices will impact future contributions to the fund.
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Kazakhstan's National Fund receives record low oil revenue amid rising global prices
