Speaking at the plenary session of the Mazhilis on the draft law “On the Republican Budget for 2026–2028,” Minister of Finance Madi Takieyv noted that the document was prepared in accordance with the Budget Code and based on the forecast of socio-economic development until 2030.

The Minister stated that as a result of joint work, budget funds were reallocated as follows: 30 billion tenge for the development of regional infrastructure projects, about 4 billion tenge for the coverage of priority expenditures, and 1.4 trillion tenge for priority development areas.

Madi Takiyev added that budget formation this year was one of the most responsible and complex processes.

According to him, this is the first budget formed under the new Budget Code, which focuses on results and efficiency.

The Minister of Finance also reported on the key parameters of the 2026 budget. According to the presented data, revenues in 2026 are projected at 23.1 trillion tenge, including 19.2 trillion tenge in income (excluding transfers). Compared to the current year, revenues will increase by 3.6 trillion tenge due to economic growth, the introduction of the new Tax Code, and improved tax and customs administration, forming the foundation for fiscal stability. Budget expenditures amount to 27.8 trillion tenge.

The budget deficit in 2026 is projected at 2.5% of GDP, with a reduction to 0.9% by 2028, which will strengthen budget discipline and reduce the debt burden.

Madi Takiev emphasized that the budget remains socially oriented. In 2026, 10.7 trillion tenge will be allocated to the social sector, including 6.8 trillion tenge for social benefits and 3.9 trillion tenge for investments in human capital. The main goal of the Government is to improve the quality of life of citizens through structural reforms and more efficient spending. For social protection alone, 6.8 trillion tenge will be allocated in 2026.

One of the key decisions is the introduction of digital mechanisms for assigning social payments and the transition to a proactive format, which will minimize the human factor, reduce bureaucracy, and accelerate assistance delivery.

According to the Ministry of Finance, 2.7 trillion tenge is allocated to the healthcare sector, 107 billion tenge more than this year, which will improve access to medical services.

The education and science sector is allocated 901.7 billion tenge, maintaining priorities in improving educational quality, supporting talented youth, and developing research centers.

The development of culture, tourism, and sports is allocated 263.5 billion tenge for 2026.

It was noted that, following the President’s directive to ensure sustainable economic growth, a comprehensive analysis of government support measures was conducted.

In 2026, about 1.2 trillion tenge is planned to stimulate the economy, while total funding for the real sector increases by 540 billion tenge to 3.7 trillion tenge. These measures will help launch new sectoral growth drivers and strengthen the country’s investment potential.

Regional development remains a key priority. For 2026–2028, 581 billion tenge is allocated to regional development, including 300 billion tenge in 2026. These projects are considered critical and of national importance. To enhance the autonomy of local administrations, 5.1 trillion tenge will be transferred to regions in 2026 through intergovernmental transfers.

For the security and defense sector, 3 trillion tenge is allocated for 2026, 335 billion tenge more than this year. Defense expenditures will account for 1% of GDP, with funds directed not only toward combat readiness but also toward systemic innovations.

It was noted that a Special State Fund was established in October 2023. As of October this year, total contributions to the Fund reached 490 billion tenge, financing 452 projects worth 459 billion tenge. These include social projects in water supply, healthcare, culture, and sports across all regions of the country.

#Budget #Economy #Ministry of Finance

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