Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Conference on Financial Market and Real Economy of Kazakhstan taking place in Almaty

Friday, 15 November 2019, 14:59:22

The First Deputy Prime Minister – Minister of Finance Alikhan Smailov spoke at the event. In his speech, Smailov talked about what measures the Government is taking to ensure GDP growth of 5% and above by 2025.

This goal was set by the Head of State in the Address “Constructive Public Dialogue – the Basis of Stability and Prosperity of Kazakhstan,” where he noted the need for structural changes.

Alikhan Smailov noted that the necessary funds are allocated annually to develop the real sector and increase the competitiveness of its industries.

So, 4.7 trillion tenge is provided for the modernization and diversification of the economy, updating the infrastructure of life support in the medium term.

“In order to develop technological chains and increase labor productivity within the framework of State Program of Industrial and Innovative Development, the republican budget for 2020-2022 provides for 279 billion tenge,” the minister explained.

According to Alikhan Smailov, 146 billion tenge will be allocated in the next three years to support entrepreneurship under the state program Business Roadmap 2025. And 600 billion tenge is provided to support private business entities with the participation of second-tier banks.

This will allow by 2025 to create about 16 thousand jobs and increase tax revenues by 1.1 trillion tenge.

1 trillion tenge is envisaged for the development of the agricultural sector, of which 355 billion will be allocated in 2020. This money will go towards subsidizing agribusiness entities, lending to agricultural producers, and to carrying out spring field and harvesting works.

The speech also touched upon the implementation of state programs, the growth of investment in fixed assets, the approval of the Comprehensive Plan for the Privatization and Development of Small and Medium Enterprises. The implementation of the Agreement on the Coordination of Macroeconomic Policy Measures between the Government and the National Bank did not remain without attention.


News feed
02 July 2020, 23:50
New format of dealmaking and transition to distance education — how online discussions of global economy during the pandemic took place
02 July 2020, 12:07
State Commission approves measures to stabilize epidemiological situation in Kazakhstan
01 July 2020, 18:37
Astana Finance Days: Experts on challenges and opportunities of Islamic finance and fintech industry in post-pandemic era
30 June 2020, 17:49
Prime Minister Askar Mamin holds session of Council of Eurasian Development Bank
30 June 2020, 16:45
Prime Minister of Kazakhstan Askar Mamin held a telephone conversation with Chair of the Russian Government Mikhail Mishustin
30 June 2020, 13:18
Annual demand for IT specialists reached over 30 thousand people — Ministry of Digital Development, Innovation and Aerospace Industry
30 June 2020, 11:18
AIFC proposes to create EduTech Center and Educational IT Alliance
30 June 2020, 11:08
By 2030, educational institutions of Kazakhstan will train over 3 million specialists of new formation — Ministry of Education and Science
30 June 2020, 11:06
Reduction in shadow economy in 2019 gave additional revenue of 1.5 trillion tenge to budget of Kazakhstan
30 June 2020, 10:54
Prime Minister Askar Mamin instructs to implement large-scale project ‘’Digital Bilim” to increase digital literacy
30 June 2020, 10:32
By 2025, shadow economy to be reduced to 20% of GDP — Ruslan Dalenov
30 June 2020, 10:12
97% of entrepreneurs switched to online cash registers — Ministry of Finance
29 June 2020, 18:59
How the Year of the Volunteer implemented, what kind of support the country's media receive and how civil society develops — Aida Balayeva reports to the public
29 June 2020, 17:12
Government session to be held June 30 in Ukimet Uyi
28 June 2020, 09:56
Video Digest: Main events of the week, No. 67
27 June 2020, 10:28
Prime Minister Askar Mamin congratulates media workers on their professional holiday
26 June 2020, 18:59
Bolat Tlepov appointed vice minister of information and social development of the Republic of Kazakhstan
26 June 2020, 18:49
Daniyar Yesin relieved as vice minister of information and social development of the Republic of Kazakhstan
26 June 2020, 18:14
Results in social sphere for 5 months of 2020: Restoring employment and providing new types of support
26 June 2020, 14:14
Azhar Giniyat appointed vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 14:12
Lyazzat Aktayeva relieved as vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 14:06
Marat Shoranov appointed first vice minister of healthcare of the Republic of Kazakhstan
26 June 2020, 13:39
Daniyar Vagapov appointed deputy chair of National Bank of Kazakhstan
25 June 2020, 19:05
Prime Minister Askar Mamin holds meeting of Commission on Digitalization under President of Kazakhstan
25 June 2020, 18:24
Prime Minister Askar Mamin introduces Minister of Healthcare Alexey Tsoy
25 June 2020, 08:58
Roman Sklyar discusses development of cooperation in agriculture with German companies
24 June 2020, 18:00
Prime Minister Askar Mamin holds meeting of Council on Transition to Green Economy under President of Kazakhstan
24 June 2020, 10:25
Roman Sklyar holds meeting of Project Office for Entrepreneurship
23 June 2020, 18:59
Gabidulla Ospankulov relieved as vice minister of information and social development of the Republic of Kazakhstan
23 June 2020, 13:18
In second half of 2020, Kazakhstan will continue to reduce oil production
23 June 2020, 12:58
Small and medium-sized enterprises can apply for new loan deferral — Madina Abylkassymova
23 June 2020, 10:59
Prime Minister Askar Mamin congratulates civil servants of Kazakhstan on their professional holiday
23 June 2020, 10:24
Prime Minister Askar Mamin congratulates police of Kazakhstan on their professional holiday
23 June 2020, 10:21
Prime Minister Askar Mamin instructed to ensure readiness for heating season
23 June 2020, 10:11
Government adopts measures to improve business climate in Kazakhstan
23 June 2020, 10:08
Beibut Atamkulov on heating season: Particular attention will be paid to preparing health facilities and residential buildings
23 June 2020, 09:57
As part of preparations for autumn-winter period, country plans to repair 8 power units, 59 boilers, 44 turbines — Ministry of Energy
23 June 2020, 09:34
Production of small and medium-sized businesses amounted to 31.2 trillion tenge in 2019 — Ministry of National Economy
22 June 2020, 17:03
Government session to be held June 23 in Ukimet Uyi
22 June 2020, 15:21
Prime Minister Askar Mamin introduces First Vice Minister of Healthcare Alexey Tsoy
22 June 2020, 13:38
Ruslan Abdikalikov appointed chair of Information Security Committee of Ministry of Digital Development, Innovation and Aerospace Industry
22 June 2020, 12:15
Prime Minister Askar Mamin reports on government’s work at joint session of Chambers of Parliament
21 June 2020, 11:32
Video Digest: Main events of the week, No. 66
21 June 2020, 11:22
Prime Minister Askar Mamin congratulates Kazakhstani doctors on their professional holiday
19 June 2020, 22:49
30% staff optimization and simplification of public service provision — Marat Beketayev reports to the public
19 June 2020, 17:33
Kemelbek Oishybayev appointed vice minister of information and social development of the Republic of Kazakhstan
19 June 2020, 14:06
Nurlan Aldamzharov appointed chair of Committee on Water Resources
19 June 2020, 13:07
Kazakhstan initiated creation of International Center for Development of Oil and Gas Engineering and Service
19 June 2020, 12:24
Kazakh COVID-19 vaccine may enter clinical trials in September 2020
19 June 2020, 11:11
Prime Minister Askar Mamin instructs to take measures to develop engineering
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.