Ministry of Finance changes advance payment rules for domestic manufacturers

The Ministry of Finance has modified the rules regarding advance payments for goods purchased from domestic manufacturers by public sector organizations. This change affects how state entities manage financial commitments to local suppliers.

Contract-based advance payments

According to the new regulations, the amount of the advance payment for goods included in the list approved by the Cabinet of Ministers will no longer be fixed by a standard regulatory rate. Instead, the specific amount will be determined by the contracting parties—the customer and the supplier—at the time of signing the contract or agreement.

This amendment has been integrated into the Regulation on the organization and maintenance of accounting by public sector organizations. Under the new rules, the exact percentage of the advance is left to the discretion of the parties involved in the transaction.

Implementation timeline

The updated procedure was established by Order No. 3, signed by Minister of Finance Ruslan Suinaliev. The new rules are set to take effect seven days after their official publication.