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Funds for education and housing: how the resources from the "National Fund for Children" are allocated.

As part of the "National Fund for Children" program, Kazakhstani citizens have already utilized $5.3 million, reports Bizmedia.kz.
Funds for education and housing: how the resources from the "National Fund for Children" are allocated.

According to information from the ENPF, the primary areas of expenditure are aimed at improving housing conditions and funding education.

Based on the available data, more than 53,000 applications have been submitted in total for 5.3 million dollars.

Of this amount, 2.96 million dollars are allocated for improving housing conditions, corresponding to 29,542 applications. An additional 2.35 million dollars, which accounts for 23,459 applications, has been used for educational services.

Citizens can spend either the entire amount of their targeted savings or a portion of it. Any unused funds will be retained in special accounts.

The most sought-after goal in the housing sector has been to replenish deposits in housing construction savings, totaling 28,752 applications for an amount of 2.89 million dollars.

A small portion of the funds has been used for purchasing housing through civil law contracts, which includes 245 applications for 24,000 dollars, and for making a down payment on a mortgage, which consists of 232 applications for 23,000 dollars.

Regarding education, the funds were most frequently directed towards paying for educational services, replenishing educational savings deposits, or covering expenses for studying abroad.