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Growth in real sector of Kazakhstan for 8 months of 2021 amounted to 3.5%

Tuesday, 14 September 2021, 12:06:26

Today at the government session, the results of the socio-economic development of Kazakhstan and the execution of the republican budget for January-August 2021 were considered. Minister of National Economy Aset Irgaliyev, Chair of the National Bank Erbolat Dossaev, Minister of Finance Yerulan Zhamaubayev reported on the development of the economy, monetary policy, execution of the republican budget, local content in public procurement, Minister of Trade and Integration Bakhyt Sultanov reported on the situation with prices for socially significant food products, Minister of Industry and Infrastructure Development Beibut Atamkulov and Minister of Energy Magzum Mirzagaliyevspoke — about the development of industry and energy sector, Minister of Agriculture Yerbol Karashukeyev — about the country’s agro-industrial complex.

“In the reporting period, within the framework of the main trends, there has been a positive growth in the real sector and the service sector, a high growth in investments in non-extractive sectors, and the maintenance of a positive trade balance. The real sector continues to be a factor in the stability of the economy. In January-August of this year growth in the real sector amounted to 3.5%,” Irgaliyev said.

Business activity in the service sector rose to 2.3%.

Among the sectors of the economy, information and communications, construction, trade, water supply, power supply, and manufacturing are showing high growth. There is also a positive growth in agriculture.

An important factor in economic growth is the attraction of domestic and foreign investment. In particular, there is activity in attracting investment in non-extractive industries. In this regard, for the reporting period, the growth rate of investments in fixed assets, excluding the mining industry, amounted to 18%.

Investments increased in construction by 2.5 times, manufacturing industry — by 81.7%, agriculture — by 43.2%, trade — by 39.9%, information and communications — by 37%, real estate transactions — by 16.2% and transport — by 9%. In the regional context, the best indicators are observed in the city of Shymkent, Aktobe, North Kazakhstan, Turkistan and Zhambyl regions.

In January-July 2021 foreign trade turnover amounted to $53.7 billion, including the export indicator amounted to $32 billion. At the same time, the export of processed goods increased by 23.4% to $10.4 billion.

Imports of goods amounted to $21.7 billion. In general, the trade balance was preserved at a positive level of $10.4 billion.

The manufacturing industry maintains a steady growth trend. The production volume increased by 5.8%. 14 regions showed positive growth. The largest increase is noted in Almaty, Almaty and Kyzylorda regions.

In the context of manufacturing industries, there was a dynamic growth in the production of pharmaceutical products by 40.8%, mechanical engineering products — by 23.9%, including the automotive industry — by 34.2%, the production of cars and locomotives — by 48.9%, building materials — by by 11.6%, plastic products — by 26.5%, finished metal products — by 18.6%, clothes — by 16.3% and furniture — by 16%.

The construction sector demonstrates high rates. For 8 months 2021 the volume of completed construction work increased by 11.4%.

The positive growth of the indicator was recorded in all regions. The greatest growth in construction and installation work is noted in the Akmola and Turkistan regions, as well as in the city of Almaty.

“There is also a positive trend in housing commissioning. For January-August of this year commissioned 8.9 million sq. m of housing. The growth of the indicator was 10.5%. In the reporting period, all regions showed positive growth. The greatest increase is noted in Atyrau, East Kazakhstan and Karaganda regions,” the Minister of National Economy informed.

In agriculture, the growth was 2%. Positive dynamics is observed in 14 regions. The greatest growth was shown by Akmola, Pavlodar and Karaganda regions.

The general situation in the regional context for 7 economic indicators is as follows:

  • for all indicators, positive growth is noted in 6 regions — Almaty, Zhambyl, Kostanay and Mangystau regions, as well as in the cities of Nur-Sultan and Shymkent;
  • 6 indicators show growth in 7 regions — Akmola, Aktobe, Atyrau, Karaganda, Kyzylorda, Pavlodar and North Kazakhstan regions;
  • growth in 5 indicators was recorded in 3 regions;
  • in the West Kazakhstan region, growth was noted only in 3 indicators.

Central and local executive bodies are invited to focus on the following measures:

  • effective work to attract and support investments, regular monitoring of the implementation of investment projects;
  • taking timely measures to achieve the indicators of harvesting and harvesting of fodder, preparing for the end of the construction season;
  • prompt execution of the measures of the Anti-inflationary Response Package;
  • vaccination of the population and active assistance in the restoration of the activities of SMEs;
  • continuation of effective implementation of employment measures under Enbek and Employment Roadmap programs.

According to the head of the Ministry of National Economy of the Republic of Kazakhstan, the implementation of the above measures will preserve the country's macroeconomic stability.

The state budget plan was fulfilled by 105% — Zhamaubayev

Finance Minister Yerulan Zhamaubayev noted in his speech that the indicators of public finance execution following the results of eight months of this year were as follows.

The state budget received revenues in the amount of 7.139 trillion tenge or the plan was fulfilled by 105.3%. The republican budget received revenues in the amount of 4.6 trillion tenge or the plan was fulfilled by 100.7%.

“The income plan was exceeded by 30 billion tenge, of which taxes were overfulfilled by 17 billion tenge. The main amounts of overfulfillment on taxes are accounted for by VAT on TVP, MET and CIT,” noted Zhamaubayev.

At the same time, the ETP plan for crude oil was not fulfilled due to a decrease in crude oil production and a major overhaul at the Tengiz field. Non-fulfillment of the plan for VAT on imports is due to a decrease in imports from 3 countries for 7 months of this year. compared to the same period last year by 6.7% or $875 million, including in July this year — by 26% or by $645 million.

Overfulfillment of the plan for non-tax revenues was ensured mainly by fines, penalties, sanctions and penalties imposed by government agencies.

Local budget revenues were executed by 115% and amounted to 2.547 trillion tenge. The plan was exceeded by 332 billion tenge, of which taxes — by 280 billion tenge. In all regions, income targets have been exceeded.

State budget expenditures were executed by 99.2%, republican — by 99.7%, local budgets — by 98.8%. Compared to the same period last year, the percentage of execution at all levels of budgets is higher.

Under the republican budget, expenditures were made in the amount of 9.9 trillion tenge. Non-fulfillment amounted to 31 billion tenge, of which 7 billion tenge — savings. Not utilized — 24 billion tenge. The largest amounts of non-utilization were in the ministries of health, internal affairs, culture and sports, justice, and emergency situations. The main reasons for failure to master: failure to submit documents confirming the validity of the payment, payment was made for the actually rendered volume of services, untimely provision of certificates of completion, invoices, etc.

Expenses of local budgets amounted to 5.2 trillion tenge. Not executed 64 billion tenge. This year, the regions are provided with targeted transfers in the amount of 2.5 trillion tenge. As of September 1, they were allocated 1.358 trillion tenge. Mastered — 98%. Not executed — 26.5 billion tenge, including savings — 3 billion tenge, not utilized — 23.5 billion tenge. The greatest underdevelopment has developed in Nur-Sultan and Almaty, West Kazakhstan region, Kyzylorda and Turkistan regions.

For 8 months of this year office control covered over 634 thousand public procurement procedures for the amount of about 5.3 trillion tenge. Based on the results of the inspections, violations were found in 30 thousand procedures. The objects of the state audit executed about 29 thousand notifications on the elimination of violations.

2,198 audit activities were carried out. The audit covered 1.429 trillion tenge of budgetary funds. Financial violations were established in the amount of 146 billion tenge. Violations for 94 billion tenge were eliminated by restoring the supply of goods, providing services and performing work, reimbursing to the budget and reflecting on accounting. To improve and increase the efficiency of the audit objects, about 2 thousand recommendations were given.

“Comprehensive privatization plan for 2021-2025. implementation of 733 objects is provided. During the reporting period, 106 objects were sold and transferred to trust management with the right of subsequent redemption in the amount of 36 billion tenge. 110 objects are on sale. 6 objects are directed for liquidation. 451 objects are to be implemented,” informed the head of the Ministry of Finance of the Republic of Kazakhstan.

Copper and cathode became drivers of growth in export of non-primary goods — Sultanov

The volume of export of non-primary goods in the first 7 months of this year increased by 23.4%, amounting to $10.4 billion, Minister of Trade and Integration Bakhyt Sultanov said. Thus, the growth drivers were copper and cathodes, the export of which increased by 40%, the supply of ferroalloys also increased by 26.7%, and the supply of rolled steel — by 95.4%.

At the same time, the CVI pandemic mainly hit the service market. According to the results of the first quarter of this year. export of services decreased by 21.2%, or from $1.5 billion to $1.2 billion.

“In order to increase the volume of non-resource exports, it is necessary to attract export-oriented foreign direct investment. In this regard, I ask that the issues of development and promotion of exports be assigned to the deputy chief executives of local executive bodies in charge of attracting investment. And also when agreeing on investment projects, one of the conditions should be export orientation of non-primary goods,” said the minister.

Following the results of eight months of this year, there is a positive trend in the trade industry. For example, the IFO's gross value added in trade amounted to 109.1%, which practically compensates for the losses in the development of the industry in 2020.

Active development continues in e-commerce. The share of e-commerce in total retail trade in the first half of this year was 12.2%, which is 2.5 percentage points higher than in 2020.

The indicators of the development of domestic trade indicate that the business has adapted to the current conditions and is developing further. Since the beginning of the year, prices for socially significant food products have grown by 9.7%. Vegetables rose the most, accounting for 5.9 percentage points in the overall growth. At the same time, as a result of the saturation of the domestic market with fresh domestic vegetables, prices have stabilized since mid-August and began to decline. Over the past 3 weeks, prices have been reduced by 0.7 percentage points. Since their peak growth, potatoes have fallen in price by 64%, carrots — by 54%, onions — 4%, cabbage — 2%.

The largest increase in prices was recorded in the Turkistan region by 11.4%, the Kyzylorda region — by 11.0% and the city of Nur-Sultan — by 11.0%. The smallest increase in prices was established in the Karaganda region by 8.6%, in Almaty — by 8.9% and in the Almaty region — by 9.2%.

“Today the trade sector is developing and demonstrating positive dynamics. There is no doubt that the adoption of anti-pandemic measures, especially an active vaccination campaign, will have a direct impact on the growth of foreign trade, including the export of services, and on the sustainable development of trade in the domestic market,” said Sultanov.

With regard to the social significance of domestic trade, measures taken since the beginning of the year have stabilized the rise in food prices and will allow inflation to remain within the established corridor until the end of the year, in accordance with the Roadmap approved at the meeting of the Council of Ministers last week.

Following the results of 8 months of this year in all sectors of the manufacturing industry there is a positive trend — Ministry of Industry and Infrastructure Development

According to the Minister of Industry and Infrastructure Development of the Republic of Kazakhstan Beibut Atamkulov, following the results of 8 months of this year. in all sectors of the manufacturing industry, there is a positive trend with a cumulative rate of 105.8%.

"The engineering industry shows a stable growth of 23.9% due to the production of vehicles, trailers and semi-trailers, machinery and equipment, the production of other vehicles, computers, electronic and optical equipment, electrical equipment, repair and installation," said the minister.

In non-ferrous metallurgy, the IFO amounted to 97.3%. The seasonal decline is primarily due to a decrease in the number of orders and the planned reconstruction of the production line at the Kusmuryn mine by Kazakhmys Corporation LLP, as well as the scheduled overhaul of the copper plant at Kazzinc LLP. As a result, the output of lead decreased by, zinc and refined copper.

At the same time, there is an increase in the production of refined gold and silver in granules. The positive dynamics is observed in the ferrous metallurgy. The growth was 1.5%.

The production volumes of steel, cast iron, reinforcing bars for carbon steel, ferrosilicomanganese have been increased.

“In the pharmaceutical industry, production increased by 40.8% due to an increase in the population's demand for medicines and medical products. In light industry, growth was 4.7% due to an increase in the production of clothing and leather products. The increased demand for disinfectants and mineral fertilizers, chromium oxide pigment stimulated the production of the chemical industry. The growth amounted to 2.2%,” Atamkulov said.

Production of building materials accounted for 111.6% due to an increase in the production of thermal insulation materials, Portland cement, gypsum, bricks and mortars.

The transport industry is gradually recovering from the effects of the coronavirus pandemic. During the reporting period, the IFO amounted to 98.6%. The positive dynamics remains in transit container traffic in the amount of 712.1 thousand TEU (twenty-foot equivalent), an increase of 32%.

“The volume of cargo transportation by all modes of transport amounted to 2.41 billion tons or 97.3% of the same period last year. The index of physical volume on construction following the results of 8 months of 2021 amounted to 111.4%,” Atamkulov said.

Positive dynamics is observed in all regions. Housing construction for 8 months of this year put into operation 8.9 million sq. meters of housing, which is 110.5% over the same period in 2020. To date, more than 77,262 dwellings have been commissioned throughout the republic. The increase in the volume of housing commissioning in comparison with last year is noted in all regions.

For January-August 2021, 44 million tons of oil were exported — Ministry of Energy

According to the Minister of Energy Magzum Mirzagaliyev, the volume of oil and condensate production for the specified period amounted to 56.1 million tons, 99.3% of the plan for January-August this year.

Partial non-fulfillment of the plan for the reporting period for the Karachaganak project is noted. There is a lag. This is due to the limited intake of gas at the OGPZ in connection with the repair work. In particular, the indicators for large companies in the oil and gas industry are as follows:

  • In Tengiz over the specified period, 17.1 million tons of oil were produced, which is 100% to the plan of the reporting month.
  • North Caspian project — the volume of oil production at Kashagan is 10.2 million tons, that is, the plan for January-August was fulfilled by 102%.
  • The indicator of the Karachaganak project is 7.8 million tons, compared with the plan of the current year there is a 7% backlog.

During the reporting period, 44 million tons of oil were exported. The plan for January-August of this year has been fulfilled by 100%.

“Speaking of gas, 35.5 billion cubic meters of gas were produced during the reporting period. This is 98% of the planned indicator for the current year. A decrease in gas production is directly related to a decrease in oil production, since the gas produced during oil production is associated gas. The volume of domestic consumption of commercial gas amounted to 11.6 billion cubic meters, this figure increased by 12% compared to the plan,” Mirzagaliyev said.

At the same time, there is an increase in the production of liquefied petroleum gas. In particular, this figure exceeded by 107.1% and amounted to 2.1 million tons.

The volume of gas exports amounted to 5 billion m3, which is 99% of the planned figure for 8 months. The reasons for the decrease in export gas supplies are associated with the growth of domestic needs and the decrease in the production of marketable gas by large subsoil users.

Following the results of 8 months of this year more than 8.3 million tons of oil products were produced. This figure exceeds the plan and is 102%.

In order to provide the domestic market with diesel fuel, the issue of postponing or reducing the terms of repair work at the Pavlodar petrochemical plant is being considered.

In addition, the issue of extending for another 6 months the action of the order is being considered, which provides for a ban on the export of gasoline, diesel fuel and other certain types of oil products by road outside the Republic of Kazakhstan. Today, there is a joint order of the Ministries of Energy, Finance and the National Security Committee "On some issues of export of oil products from the territory of the Republic of Kazakhstan.»

  • indicator for aviation fuel is 100% of the indicator for the current year;
  • fuel oil production exceeded 13%.

At the same time, during the reporting period, bitumen production reached 682 thousand tons, which is 96% of the planned figure for 8 months.

The reason for the decline: a drop in temperature in the southern regions of the country, which led to an increase in gas consumption by the population.

“In this connection, gas supply to Gazpromneft-Bitumen LLP was limited. The volume of petrochemical products amounted to 96 thousand tons, i.e. 100% to the target. During the reporting period, 75.1 billion kWh were generated. hours of electricity, which is 100% of the planned indicator,” Mirzagaliyev said.

For January-August of this year the volume of gross agricultural output increased by 2% — Ministry of Agriculture

As reported by the Minister of Agriculture of Kazakhstan Yerbol Karashukeyev, the volume of gross agricultural production increased by 2% and amounted to 2,887.9 billion tenge.

This growth was mainly due to an increase in livestock production by 3.6%.

“At the same time, crop products were produced for 919.7 billion tenge, which in real terms is 1.3% less than the level of the corresponding period last year. The decrease is due to the anomalous soil and atmospheric drought established during the growing season, which negatively affected the growth and development of agricultural crops,” the Minister of Agriculture said.

So, according to the operational data of the regional akimats as of Sep. 1, 2021, the average yield of grain and leguminous crops was 7.9 c / ha, which is 33.6% less than the yield on the same date last year.

In the context of regions, the growth rate of gross agricultural output is higher than the republican ones, noted in 5 regions: Akmola, Pavlodar, Karaganda, Kostanay, East Kazakhstan.

“In animal husbandry, there is an increase in the number of livestock and poultry of all types. Thus, the number of cattle increased by 4.8% and amounted to 8.8 million heads, sheep and goats — by 2.6%, horses — by 9.6%, birds — by 4.4%. There was also an increase in the production of meat in live weight by 6%, milk — by 3.3%. Food production for the specified period increased by 4.8% and amounted to 1,421.2 billion tenge,” Karashukeyev informed.

At the same time, there is an increase in sugar production by 3 times, processed rice by 29.9%, butter by 12.8%, cereals by 12.6%, dairy products by 4.5%, cheese and cottage cheese by 3%, flour by 1.5%, processed milk by 0.9% and vegetable oil by 0.5%.

In January-August of this year, the volume of investments in fixed assets in agriculture increased by 43.2% and amounted to 427 billion tenge.

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