At a Government session chaired by Prime Minister Olzhas Bektenov, Minister of Finance Madi Takiyev presented the draft Law “On the Republican Budget for 2026–2028.”

The draft was developed on the basis of the Forecast of the country’s socio-economic development. According to the Minister of Finance, expenditures in 2026 will amount to 27.7 trillion tenge, which is 2 trillion tenge more than the current year’s plan, with growth to 29.7 trillion tenge by 2028. Revenues are projected at 23.1 trillion tenge in 2026, increasing to 27.6 trillion tenge by 2028. The guaranteed transfer from the National Fund is set at 2.8 trillion tenge annually, while the budget deficit is planned to gradually decrease from 2.5% of GDP in 2026 to 0.9% of GDP in 2028.

Madi Takiyev emphasized that the 2026 budget will be the first balanced budget without the use of targeted transfers from the National Fund. At the same time, it remains socially oriented, with a significant increase in state support for the real sector of the economy. Optimization work has been carried out, and the optimized funds have been redirected to the real sector: expenditures stimulating economic growth have been increased to 16.1%, amounting to 4.47 trillion tenge.

“Expenditures for the social sector amounted to 10.7 trillion tenge. These expenditures include a 10% indexation of social payments and an increase in the number of pension and benefit recipients by 288 thousand people. The median wage is applied for calculating OSMS contributions. Expenditures are planned for raising scholarships and for increasing the number of students by 19,392,” the Minister noted.

In 2026, 3.6 trillion tenge will be allocated to support the real sector of the economy. This includes 732 billion tenge for the agro-industrial complex, 855 billion tenge for transport infrastructure (with an additional 580 billion tenge to be attracted through the mechanism of state guarantees), and modernization of energy and utility infrastructure, which will be financed not only through the budget but also by attracting private funds.

#Economy #Government session #Serik Zhumangarin

• 
• 
• 
•