At the Government session chaired by Prime Minister of the Republic of Kazakhstan Olzhas Bektenov, the results of socio-economic development for January–November 2025 were reviewed. A report was delivered by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin.
At the Government session chaired by Prime Minister Olzhas Bektenov, the results of the country’s socio-economic development and the execution of the republican budget for 11 months of the current year were reviewed.
The implementation of the President’s instructions on supporting small and medium-sized businesses is one of the priorities of the Government’s activities. Thanks to the measures taken in recent years, Kazakhstan has seen steady growth in the contribution of SMEs to the country’s economy. The editorial team of the Primeminister.kz website continues its series of publications on Kazakhstan’s development in 2025.
Prime Minister of the Republic of Kazakhstan Olzhas Bektenov took part in a meeting of the Eurasian Intergovernmental Council in the city of Moscow (Russian Federation). In both narrow and expanded formats, the EIGC participants discussed the development of trade and economic cooperation, industrial cooperation, as well as interaction in the energy, digital, customs spheres, and others.
As part of the implementation of the instructions of the Head of State, one of the Government’s key objectives is economic diversification and the development of processing industries. The main goal is to move away from reliance solely on raw material exports and to create new production facilities that generate value added, stable jobs, and sustainable export potential.
Kanat Bozumbayev spoke about the work of the Government on implementing comprehensive measures aimed at balanced socio-economic development of the regions and improving the quality of life.
Prime Minister Olzhas Bektenov chaired a meeting of the Board of Directors of JSC "National Managing Holding Baiterek" on matters related to the further transformation of the Holding as part of the instructions of the Head of State to strengthen support for the real sector of the economy and attract investments.
On Saturday, at the next meeting on stabilizing inflation, held under the chairmanship of Deputy Prime Minister – Minister of National Economy Serik Zhumangarin, preliminary results of the analysis of the food basket regarding the possible expansion of the list of socially significant goods were presented.
At the session of the Government chaired by Prime Minister Olzhas Bektenov, the draft Joint Action Program of the Government, the National Bank and the ARFRM on macroeconomic stabilization and improving the well-being of the population for 2026–2028 was considered. Deputy Prime Minister – Minister of National Economy Serik Zhumangarin reported on the key areas of the new document.
At the Government session chaired by Prime Minister Olzhas Bektenov, the Joint Action Program for Stabilizing and Improving the Well-Being of the Population for 2026–2028 was approved.
At the Government session chaired by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin, the formation of a pool of projects in priority sectors of the economy within the framework of the “Investment Order” program was discussed.
Speaking at the plenary session of the Mazhilis on the draft law “On the Republican Budget for 2026–2028,” Minister of Finance Madi Takieyv noted that the document was prepared in accordance with the Budget Code and based on the forecast of socio-economic development until 2030.
At a plenary session of the Mazhilis, Deputy Prime Minister – Minister of National Economy Serik Zhumangarin submitted to the deputies the Forecast of the country’s socio-economic development for 2026–2028.
Answering a question from a deputy at the plenary session of the Mazhilis about the reduction of dividends to the state budget from national companies, Prime Minister Olzhas Bektenov stated that national companies are directing large sums to the implementation of major investment and social projects in the regions, and as far as the transparency of spending is concerned, that point is now ensured by the current legislation.
During the plenary session of the Mazhilis of the Parliament of the Republic of Kazakhstan, where draft laws on the republican budget for 2026–2028 and on the amount of transfers were considered.
As part of the World Bank and IMF Annual Meetings, the Kazakh delegation headed by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin held meetings with representatives of the three largest international rating agencies – Fitch, Moody’s, and S&P.
