Kazakhstan approved accounts payable settlement regulations

/IRBIS, March 10, 00/ - REUTERS informs that the government of Kazakhstan approved settlement regulations for accounts payable to the national budget in 2000, and it has also announced the members of the commission that is responsible for examining the matters related to settlement of accounts payable. Statistics agency informs that as of October 1, 1999 internal accounts payable reached KZT1,282.7 bln, among them contractors and suppliers account for 27.6%, bank loans - 6.7%, loans of non-bank organizations - 22.7%. External accounts payable equaled KZT611.1 bln, and accounts payable of the enterprises and the organizations within the country exceeds receivables by 2.2 times, informs the agency. It is said the government is creating the commission as consulting and advisory body to make suggestions regarding the order and priority of settlement of accounts of state institutions, and to involve the consultants and experts into the participation. The Ministry of finance is said to provide consolidated information on settlement schedule for accounts payable to the commission.