During his working visit to Abay Region, Deputy Prime Minister – Minister of National Economy Serik Zhumangarin met with farmers and entrepreneurs of the region. The main focus was on the development of the agro-industrial complex and livestock farming as one of the key drivers of the region’s economic growth.

According to Akim of the region Berik Uali, agriculture remains one of the main drivers of the regional economy. In 2025, the gross output of agriculture reached 583.8 billion tenge for the first time, increasing 1.4 times over two years. More than half of the total agricultural output comes from livestock farming.

Special attention at the meeting was given to modernizing the industry. Serik Zhumangarin emphasized that modern livestock farming requires new approaches, digitalization, and the introduction of advanced global technologies. Today, the state allocates significant funds for the development of livestock farming — 220 billion tenge in preferential financing at 6% per annum. As part of the program to replicate the experience of North Kazakhstan Region, the region has been allocated 7 billion tenge in preferential financing this year for dairy farm construction projects. However, as the Deputy Prime Minister noted, business approaches must change dramatically.

“We are proud that we have been engaged in livestock farming for a thousand years. But today is the era of digitalization. The times when one could simply release livestock to pasture and wait for it to gain weight are over — this is inefficient. We need to introduce advanced livestock breeding technologies and adopt Australian and Canadian experience,” the Deputy Prime Minister noted.

Deputy Minister of Agriculture Amangaliy Berdalin reported that under the program of early financing for spring field works, 176 farmers in Abay Region received preferential loans totaling 13.2 billion tenge. This made it possible to finance 125 thousand hectares of sown areas.

To reduce the cost of borrowed funds for agricultural producers, the provision of guarantees through the Damu Fund will continue in the amount of up to 85% of the loan amount, which will allow maintaining the lending rate at 5% per annum for end borrowers.

Agricultural producers were also presented with new credit products “Igilik” and “Bereke” for the purchase of breeding livestock at a rate of no more than 6% per annum. To support grazing livestock farming, a single credit product “Zhailyau” will be launched, providing financing for the development of pasture infrastructure.

To expand access to preferential financing, regional social entrepreneurship corporations have been connected to the lending system. The implementation of these measures will ensure the full implementation of the Comprehensive Plan for Livestock Development and create a foundation for accelerated industry growth.

Tax innovations were also discussed at the meeting. In order to ensure predictability of budget planning, a proposal was adopted to fix for a three-year period the list of corporate income tax (CIT) payers between the republican and local budgets, as well as to review the debt limits of local executive bodies to support districts.

#Agroindustrial complex #Economy #Serik Zhumangarin

• 
• 
• 
•