Tax motivation alone is not enough - Dania Aspaieva on loans to businesses At the meeting of the Koroltai Committee for Financial and Budget Affairs, the deputy chairman, Dania Aspaieva, raised the issue of turning the resources of the banking sector into the real sector of the economy. New regulatory measures, incentives and sources of "long money" were discussed. The main points of the speech: the bank's assets exceeded 75 trillion tenge, and deposits reached 52 trillion tenge, but the accumulated resources have not yet been sufficiently converted into long-term investments in production. The new tax code provides a differentiation of the barrier rates - 20% for income from loans to the real sector and 25% for other income. However, according to Espaiva, fiscal motivation alone is not enough. The National Bank and the ARRFR were asked to develop additional liquidity management mechanisms - from macro-prudential tools to improving balance and capital requirements, taking into account the banks' financial stability. It is necessary to unite the efforts of banks, development institutions, international organizations and UAPF assets to finance key industries without exclusive dependence on the budget.

Tax motivation alone is not enough - Dania Aspaieva on loans to businesses At the meeting of the Koroltai Committee for Financial and Budget Affairs, the deputy chairman, Dania Aspaieva, raised the issue of turning the resources of the banking sector into the real sector of the economy. New regulatory measures, incentives and sources of "long money" were discussed. The main points of the speech: the bank's assets exceeded 75 trillion tenge, and deposits reached 52 trillion tenge, but the accumulated resources have not yet been sufficiently converted into long-term investments in production. The new tax code provides a differentiation of the barrier rates - 20% for income from loans to the real sector and 25% for other income. However, according to Espaiva, fiscal motivation alone is not enough. The National Bank and the ARRFR were asked to develop additional liquidity management mechanisms - from macro-prudential tools to improving balance and capital requirements, taking into account the banks' financial stability. It is necessary to unite the efforts of banks, development institutions, international organizations and UAPF assets to finance key industries without exclusive dependence on the budget.