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

Possibility of creating Fund for Supporting Creative Industry to be considered in Kazakhstan — Ministry of National Economy

Thursday, 02 September 2021, 09:32:38

At the government session chaired by Prime Minister Askar Mamin, measures to implement the Address of President Kassym-Jomart Kemelevich Tokayev dated Sep. 1, 2021, “Unity of People and Systemic Reforms — Solid Foundation for the Country's Prosperity" were considered. Minister of National Economy Aset Irgaliyev presented a report on the main measures for the implementation of economic reforms.

Within the framework of the Address to the people of Kazakhstan "Unity of People and Systemic Reforms — Solid Foundation for the Country's Prosperity," the Head of State set specific tasks to ensure high-quality economic growth and improve the living standards of the population.

“In total, about 70 orders have been given. It is necessary to pass 6 laws. These are the Laws on the return of stressful assets to economic circulation, on personal subsidiary plots, on the development of agglomerations, on the development of science, on professional qualifications. Make changes to the Tax and Budget Codes. To approve three concepts: the concept of public finance management, migration policy, as well as family and gender policies,” said Irgaliyev.

Develop Infrastructure Development Programs for each region. The Head of State announced 5 new initiatives.

First, an increase in the minimum wage from 42.5 thousand tenge to 60 thousand tenge from Jan. 1, 2022.

Second, the development of "soft" measures within the framework of regulated purchases and state support to stimulate businesses to increase the salaries of their employees.

Third, the introduction of a single payment from the wage fund for micro and small businesses, which provides for a reduction in the payroll burden from 34% to 25% from 2023.

Fourth, an annual increase in salaries for certain categories of civil servants by 20% from 2022 to 2025.

Fifth, providing the opportunity to transfer part of pension contributions, above the sufficiency threshold, to an account with Otbasy Bank for the purchase of housing.

In order to implement the instructions of the Head of State, the Ministry of National Economy will work in 4 main areas.

  1. Public finance management;
  2. Anti-inflationary response;
  3. Entrepreneurship development;
  4. Balanced regional development.

Public Finance Management

“In order to improve the efficiency of public finance, a Public Finance Management Concept will be developed. The concept will cover the management of budgetary policy, state and quasi-public debt, as well as the formation and use of funds from the National Fund,” the Minister of National Economy emphasized.

To ensure the prioritization of budget expenditures, it is envisaged to introduce a “block” budget and new budget rules, as well as an objective methodology for allocating budget limits. A per capita financing mechanism will be applied.

A single payment from the wage fund will be introduced for micro and small businesses. This will simplify the procedure for calculating and paying these payments, as well as reduce the overall burden on payroll from 34% to 25% from 2023.

Anti-inflationary response measures

In order to curb the rise in prices for consumer goods, a set of anti-inflationary response measures will be developed. Prompt and medium-term measures will be taken to saturate the market with domestically produced consumer goods. Measures of monetary policy and regulation of the financial market are also envisaged.

Development of entrepreneurship

In order to effectively develop small and medium-sized businesses, the implementation of the programs Economy of Simple Things and Business Roadmap will continue in 2022. In general, the amount of funding will be at least 1 trillion tenge. The possibility of creating a Fund for the Support of the Creative Industry will be considered.

To stimulate business to increase the salaries of its employees, the so-called "soft" measures will be developed. Privileges in the framework of regulated purchases will be provided, as well as preferential access to state support.

Balanced regional development

New approaches to the regional development of the country will be developed, including measures to reveal the competitive advantages of each specific region.

For this, the Law "On the Development of Agglomerations" will be developed, which provides for institutional development through a clear division of functions between the city-center and the peripheral zone. Budgetary autonomy will be expanded and unified urban planning of agglomerations will be introduced.

The Territorial Development Plan will enshrine the “people to infrastructure” principle, which provides for the development of promising villages in accordance with the System of Regional Standards.

“In addition, it is envisaged to update the Regional Development Plans in accordance with the approved national goals. By the Ministry of National Economy, each order of the Head of State, given in the Address to the people of Kazakhstan, will be substantively and efficiently worked out,” concluded Aset Irgaliyev.

For the effective implementation of the Address, the work of the ministry will be carried out on the following principles: use of a project-based approach, de-bureaucratization of processes and focus on results.


News feed
24 September 2021, 14:38
Briefing to be held on measures to implement Address of the Head of State Kassym-Jomart Tokayev of Sep. 1, 2021
24 September 2021, 09:30
Yeraly Tugzhanov holds meeting on countering drug crime
23 September 2021, 19:26
As part of implementation of President's instructions, improvement of tax and customs administration continues — Yerulan Zhamaubayev
23 September 2021, 19:07
At least 3.5 million workers to feel overall effect of increase in minimum wage — Alikhan Smailov
23 September 2021, 18:50
Nominal burden on taxes and payments to be reduced from 2023 — Ministry of National Economy
23 September 2021, 18:45
Information system introduced in the country as part of implementation of President's instructions already covers 79 measures of state support for SMEs — Yerulan Zhamaubayev
23 September 2021, 17:43
By 2025, share of state participation in economy to be reduced to 14% — Alikhan Smailov
23 September 2021, 17:28
Set of 64 anti-inflationary response measures to be adopted by Government of Kazakhstan — Alikhan Smailov
23 September 2021, 15:49
Fund for Financial Support of Agriculture merges with Agrarian Credit Corporation
23 September 2021, 12:52
Askar Mamin discusses implementation of joint projects in Kazakhstan with EBRD President Odile Renaud-Basso
21 September 2021, 16:34
Askar Mamin chairs meeting of National Commission for Modernization
21 September 2021, 12:07
Investments in fixed assets of Ekibastuz to increase fivefold by 2025 — Aset Irgaliyev
21 September 2021, 10:42
Pace of harvesting in Kazakhstan is higher than last year — Yerbol Karashukeyev
21 September 2021, 09:39
Government approves 2021-2025 Comprehensive Plan for Development of Ekibastuz
21 September 2021, 09:28
Kazakhstan to meet domestic needs and preserve grain export potential — Askar Mamin
20 September 2021, 16:09
Government session to be held Sep. 21 in Ukimet Uyi
20 September 2021, 14:57
Askar Mamin visits West Kazakhstan region on a working trip
19 September 2021, 09:00
Roman Sklyar inspects socio-economic development of Pavlodar region
17 September 2021, 19:22
Almaty region — an important transport and logistics hub of the country
17 September 2021, 17:04
Askar Mamin's working trip to Almaty region: Agro-industrial complex, logistics, pharmaceuticals, tourism
17 September 2021, 13:22
Briefing to be held on measures to implement Address of the Head of State Kassym-Jomart Tokayev of Sep. 1, 2021
17 September 2021, 13:15
Ilyas Ospanov appointed chair of Industrial Development Committee of the Ministry of Industry and Infrastructure Development
17 September 2021, 11:16
Flow of tourists, safety in mountains and construction of new facilities — development of tourism industry in Almaty
16 September 2021, 17:01
Askar Mamin inspects infrastructure development in Almaty
15 September 2021, 17:39
Ruslan Manatayev relieved as Vice Minister of Agriculture of the Republic of Kazakhstan
15 September 2021, 16:16
Prime Minister Askar Mamin chairs meeting of Investment Headquarters
15 September 2021, 12:23
Sholpan Karinova appointed First Vice Minister of Education and Science of the Republic of Kazakhstan
15 September 2021, 11:18
Alikhan Smailov chairs meeting of Headquarters for Implementation of Nur Otan Party’s Pre-Election Program
14 September 2021, 15:54
Stock of coal and fuel oil meets approved standards — Mirzagaliyev
14 September 2021, 12:19
Vaccination rate in Kazakhstan reaches 71.5% — Alexey Tsoy
14 September 2021, 12:06
Growth in real sector of Kazakhstan for 8 months of 2021 amounted to 3.5%
14 September 2021, 11:14
UAPF pension assets in late August 2021 amounted to 12.9 trillion tenge, having increased from early 2021 by 52 billion tenge — Erbolat Dossaev
14 September 2021, 10:19
Government considers readiness of regions for heating season
14 September 2021, 09:53
Kazakhstan’s economy reaches pre-pandemic levels — Askar Mamin
14 September 2021, 09:30
Sanitary and epidemiological situation in Kazakhstan improving
13 September 2021, 15:44
Government session to be held Sep. 14 in Ukimet Uyi
13 September 2021, 15:01
Askar Mamin discusses implementation of joint projects in Kazakhstan with representatives of German business
13 September 2021, 13:45
Kazakhstan prepares second site for production of COVID-19 vaccines
13 September 2021, 10:54
Yerlan Kozhagapanov appointed Advisor to Prime Minister of Kazakhstan
13 September 2021, 10:37
Yerlan Kozhagapanov relieved as Vice Minister of Culture and Sports of the Republic of Kazakhstan
10 September 2021, 22:55
Development of CVI epidemiological situation in Almaty considered at republican headquarters
10 September 2021, 16:56
Government delegation headed by Yeraly Tugzhanov visits Korday district
10 September 2021, 15:40
Askar Mamin introduces new Minister of Ecology, Geology and Natural Resources Serikkali Brekeshev
10 September 2021, 15:05
Agriculture, industry, tourism — socio-economic development indicators of Akmola region show growth in all sectors
10 September 2021, 08:50
Government delegation headed by Deputy Prime Minister Yeraly Tugzhanov visits Zhambyl region
09 September 2021, 18:29
Prime Minister Askar Mamin introduces new Minister of Energy Magzum Mirzagaliyev
09 September 2021, 15:40
Askar Mamin inspects progress of harvesting and forage preparation in Akmola region
08 September 2021, 12:41
Medical insurance in Kazakhstan, anti-epidemiological measures and Healthy Nation Project — as discussed at the collegium of the Ministry of Healthcare
07 September 2021, 19:32
Prime Minister Askar Mamin introduces new akim of Mangystau region, Nurlan Nogayev
07 September 2021, 11:28
Government to develop draft law on returning frozen collateral assets to economic circulation — Aset Irgaliyev
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.