ASTANA – Kazakhstan’s National Fund plans to invest around $1 billion in high-tech projects in Kazakhstan, Central Asia, and the Caucasus, Deputy Governor of the National Bank Aliya Moldabekova said at a Jan. 29 meeting of the Senate committee on finance and budget. National Fund assets near $64 billionAccording to Duisen Adilkhanov, deputy director of the Finance Ministry’s Department of Budget Lending, National Fund, and Financial Sector Interaction, the National Fund’s assets totaled 39.6 trillion tenge ($78.6 billion), or 26.3% of GDP, as of Jan. 1, including $63.9 billion in foreign currency assets. In 2025, total revenues reached 10.2 trillion tenge (US$20.3 billion), including 3.7 trillion tenge (US$7.3 billion) in direct tax revenues and 6.5 trillion tenge (US$13 billion) in investment income for the first nine months. Adilkhanov noted a decline in tax revenues in recent years due to lower oil production and exports, as well as challenges in hydrocarbon transportation. Investment income accounted for nearly two-thirds of National Fund revenues in 2024-2025, becoming the primary source of growth, he said.