Joint government and National Bank measures to slow inflation in Kazakhstan

In Kazakhstan, there is a slowdown in inflation growth due to the implementation of joint measures of the Government and the National Bank. Actual data were announced by the Prime Minister of Kazakhstan Alikhan Smailov at the meeting chaired by the Head of State.

Alikhan Smailov stressed that stabilization of prices is one of the most important tasks of the Government and local executive bodies. In this regard, a set of measures to control and reduce inflation is implemented jointly with the National Bank.

"As a result, the annual inflation rate in the republic slowed down to 18.1% in March. During the last four weeks no inflation for socially important food products was registered. This year we are facing the task to reduce inflation by 2 times," Alikhan Smailov said.

According to him, the Population Income Increase Program is implemented in the republic. Within the framework of these measures the salaries of more than 3 million people have been increased.

"All social obligations of the state are fulfilled on time and in full. In particular, this year 4.4 million people's social payments have been increased, 4.6 trillion tenge have been allocated for this purpose," Prime Minister said.

The Head of Government added that this year about 1 million people will be employed at the expense of implementation of national projects, opening of new production facilities, development of small and medium business, creation of new jobs.

#Alikhan Smailov #The Prime Minister of the Republic of Kazakhstan #Economy

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