3.3. The formation and development of the credit system in the Republic of Kazakhstan.

Formation of financial and monetary policies of the modern state is based on the scientific and theoretical basis and a deep study of the real economy.

In this regard, it is to analyze the financial and monetary relations of Kazakhstan during the transition to the market from 1986. The analysis will be incomplete if you do not take into account objective economic conditions and the real changes that have occurred in the country during the transition period to the market. What are they characterized?

The first period (1986-1989 gg.) Is associated with a critical analysis of the development of the economy in the past years, the adoption rate for accelerated economic development, intensification of production (1986-1987) years. to full cost accounting and self-financing, lifting the ban on wage growth, the transition to contract prices on a wide range of products for industrial and consumer goods.

The second period (1990-1991 gg.) Characterized by the adoption of the program of emergency measures to stabilize the economy and financial policy of the introduction of market relations in the country. Decisions were made to curb the uncontrolled growth of payments to public funds, the binding of cash, reduce allocations from the state budget for the construction of production facilities, the conversion of defense industries.

Since 1990, in the Republic of the national income for the first years of the twelfth five-year plan was reduced in comparison with 1989 by 4.4 percent. The decline in production has affected all sectors of the economy, causing a total deficit of not only consumer goods, but also the means of production

The third period (1992 and beyond). 2 January 1992. in the Republic of Kazakhstan was the first step on the real transition to a market economy: in the majority of consumer goods and capital goods prices have been released, for keeping them on was just not possible, because the situation is the end of 1991, especially in large industrial centers and cities so acute that the press began to appear even articles about the threat of hunger in almost all CIS countries, including Kazakhstan.

Reducing the size of loans was due to the fact that due to the price increase has been some improvement in the financial condition of companies (also in connection with the transition to self-sufficiency and self-financing), the cessation of lending contractors under the cost of construction work in progress, changing lending practices, repayment of loans previously granted Temporary fill the gap of working capital and increase the norm, and partly non-performing loans in the industry and in agriculture. In trade, the reduction of loans was due to the decrease in balances of inventory while increasing retail sales.

Conclusion.

In my course work was the main topic of macroeconomic stabilization. We reviewed the course of development of Kazakhstan for the years of its independence. The way in which he was to achieve macroeconomic stabilization. But on reaching the relatively calm situation in the country, we did not stop, and continue to try different ways to support the economy at current levels, and even improve the economy.

In the coming years to ensure high economic growth rates are favorable macroeconomic conditions for the accelerated development of the main factors of economic growth.

The National Bank of the Republic of Kazakhstan in order to keep inflation in a given interval will be taking steps to tighten monetary policy, including:

• limiting foreign borrowing of the banking sector by tightening reserve requirements;

• strengthening the control of monetary aggregates;

• increased sterilization money issue.

In addition, the development of new capital market instruments will provide binding temporarily free funds.

In the coming years, carrying a moderate state policy in the field of public expenditure includes the following goals:

• ensuring growth of the state budget, not exceeding the growth rate of GDP;

• formation and implementation of fiscal policy aimed at gradually reducing the non-oil budget deficit;

• phased achievement of the guaranteed transfer from the National Fund in the budget equal to the investment income of the Fund.

THE LIST OF USED LITERATURE

1. A.Kantarbaeva, U.Shukeev "Economic policy adjustments to support entrepreneurship in Kazakhstan," Alpari number 3, 2003 (pp. 93-102)

2. Kamaev VD - Tutorial on the basics of economic theory - Moscow: "VLADOS", 2000 (pp. 88-89, 154-158)

3. Chepurin MN, EA Kiselev "The course of economic theory: the textbook" - 4th enlarged and revised edition - Kirov: "ASA", 2000 (pp. 55, 121-132)

4. Luss A Short Course - "Macroeconomics" - St. Petersburg: Publishing House. "Peter," 2001 (p. 62-65)

5. V. Platonov "Introduction to biznes.Osnovy market economy", "Phoenix", Rostov n / D, 2003 (p. 88-95)

6. N. Gregory Mankiw "Principles of Economics" South-Western College Pub; 3 edition, 2003 (p. 112-113)

7. Marshall A. "Principles of economics" Trans. from English. - Moscow, Publishing group "Progress" in 2003 (p. 101-111)

8. N. Nazarbayev "The strategy formation and development of Kazakhstan as a sovereign state", Almaty, 2012

9. Smailov A.A. Statistical yearbook «Kazakhstan in 2011» Agency on Statistics of the Republic of Kazakhstan, Astana, 2012 (p. 83-84, 104, 111)

10. Smailov A.A. Brochure «Kazakhstan in figures» Agency on Statistics of the Republic of Kazakhstan, Astana, 2012 (p. 14)