Seven years of Kassym-Jomart Tokayev’s presidency have become a period of deep and consistent transformation of Kazakhstan’s socio-economic and political development model. These years coincided with a complex global context — the pandemic, the slowdown of the global economy, inflationary and logistical shocks, geopolitical turbulence, as well as the need to eliminate internal economic and political imbalances formed over previous decades.
Deputy Prime Minister – Minister of National Economy Serik Zhumangarin presented a strategy for qualitative economic diversification and the formation of a new growth model at the Government session. In line with the tasks set by the Head of State, the key priority is the creation of a modern industrial framework through the development of manufacturing and high-tech industries.
Prime Minister Olzhas Bektenov held a meeting on the implementation of the instructions of the Head of State given at the expanded session of the Government of the Republic of Kazakhstan on February 10 of this year.
At the expanded meeting of the Government chaired by the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, Prime Minister Olzhas Bektenov reported on the work being carried out to ensure sustainable economic development.
Prime Minister Olzhas Bektenov held a meeting on entrepreneurship development with representatives of the oil and gas and energy sectors, the mining and metallurgical industry, the agro-industrial complex, members of relevant associations, and experts from all regions at the platform of the National Chamber of Entrepreneurs Atameken.
Deputy Prime Minister and Minister of National Economy Serik Zhumangarin held a meeting with the Permanent Deputy Prime Minister of the Socialist Republic of Vietnam, Nguyen Hoa Binh.
The Government will ensure economic growth at a level of no less than 5%, allocate around 8 trillion tenge to support the real sector, and take measures to reduce inflation to 9–11%. Deputy Prime Minister – Minister of National Economy Serik Zhumangarin reported on the mechanisms for implementing the President’s instructions given at the National Kurultai at the Government session.
During the Government session, Prime Minister Olzhas Bektenov issued a number of instructions following the speech of President Kassym-Jomart Tokayev at the 5th National Kurultai.
The first meeting of the new year on inflation stabilization was held at the Government under the chairmanship of Deputy Prime Minister – Minister of National Economy Serik Zhumangarin.
In accordance with the instructions of the President of the Republic of Kazakhstan and within the framework of the Government’s systematic work, the development of Almaty Region in 2025 was focused on improving public welfare and strengthening the region’s economic potential. A key emphasis was placed on job creation and comprehensive infrastructure modernization, primarily in rural areas, where more than 80% of the region’s population resides.
Prime Minister Olzhas Bektenov inspected the implementation of the Head of State’s instructions to strengthen the industrial potential of the regions through the development of special economic zones and industrial zones and by improving the efficiency of their operations, as set out in the Address “Kazakhstan in the Era of Artificial Intelligence: Current Challenges and Their Solutions through Digital Transformation.”
The first meeting of the Economic Growth Headquarters this year was held at the Government under the chairmanship of Deputy Prime Minister – Minister of National Economy Serik Zhumangarin. The main topic of discussion focused on instruments to sustain high rates of economic development in 2026.
According to preliminary data from the Bureau of National Statistics, Kazakhstan’s gross domestic product increased by 6.5% in January–December 2025 compared to the same period of the previous year.
Prime Minister of the Republic of Kazakhstan Olzhas Bektenov held a meeting with experts from the economic sector. The discussion focused on issues of economic development, priority sectors of the economy, and external risks.
