Kazakhstan’s National Fund’s assets amounted to 27.6 trillion tenge ($64.4 billion), including the foreign currency portfolio in amount of $58.5 billion as of June 1, 2021.

The oil-exporting Central Asian country relies on its rainy-day fund to fill the budget gaps, although plans to reduce the transfer from the fund to the state budget to 2.4 trillion tenge in 2022 from this year’s 2.7 trillion tenge.