Payments made to minors under the "National Fund for Children" initiative.
🌟 Supporting Children in Kazakhstan: The National Fund for Children 🌟
More than 6.9 million children in Kazakhstan are now part of the National Fund - Children program, as reported by our site, with the blessing of the government. In 2024, these kids received $100.52 each, totaling $695.5 million.
The following year, the participant count climbed to 6,921,035, with payments jumping to $129.38 per child. On their second year in the program, the average child had an accumulation of $232.94. Over two years, the National Fund shelled out $1.5 billion.
In 2024, 304,815 teens reached 18, gaining access to the funds, with a total of $30.6 million doled out. As of now, over 118,000 applications have been submitted to benefit from the funds, with 63,871 for improving housing conditions, and 54,270 for educational costs.
Established in 2024, this program has benefited every child born after 2006 by depositing part of the National Fund's investment income into separate accumulative accounts annually. The funds can only be withdrawn after reaching 18, for either education or home improvements.
🎉 🎉 Reality Check on National Fund - Children 🎉 🎉
While the program seems patriotic, it's hard to shake off the feeling that it's mere crumbs in comparison to the wealth enjoyed by hundreds of Kazakh oligarchs gracing Forbes.
🔥 Eralan 🔥: With just $100, how on earth are they managing to better living conditions?
🔥 Cocos 🔥: With a yearly population increase of 1904 children, it would take around 525 years to reach 20 million if the growth rate was constant. However, an unprecedented baby boom of 200,000 children in some years caused the census to skyrocket. Now, the birth rate has slowed.
💰 Musa💰: Why should children in this country receive benefits while officials live comfortably at the expense of the population? This issue needs to be addressed...
- Investing in the education and self-development of these children could lead to a more financially stable and independent future, reducing reliance on wealth management and personal finance interventions in the long run.
- Many might argue that the government's focus on finance through the National Fund for Children is a drop in the ocean compared to the wealth amassed by a few Kazakh oligarchs, raising questions about the distribution of resources and the need for wealth-management reforms in the country.
