Kazakhstan Deputy Proposes Protecting Minimum Living Wage During Debt Collection
A member of parliament in Kazakhstan has proposed amending banking agreements to ensure debtors retain a minimum sum for living expenses when their accounts are seized. With problematic loans exceeding 1.8 trillion tenge and over 1.5 million accounts frozen, the deputy highlighted that current laws protecting a portion of income are not effectively implemented. The proposal aims to allow debtors to maintain essential funds while still repaying their debts.
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