Members of the Cabinet of Ministers held a meeting in Astana to ensure GDP growth by 6%, Daryo correspondent in Kazakhstan reports with reference to KazTAG.
The press service of the PM Kazakhstan Alikhan Smailov informed that in order to achieve this result, the country will actively develop enterprises in the extraction of rocks, oil and gas, manufacturing, agriculture, small and medium-sized businesses, as well as the service sector. In addition, there are plans to reduce the budget deficit and reduce transfers from the National Fund.
"The balance of the budget will be ensured by increasing non-oil revenues, including through the abolition of inefficient tax incentives," the press service said in a statement.
Also, stable prices for socially significant food products will be established in Kazakhstan. The authorities promise to globally upgrade the Ekibastuz energy hub, which will allow the commissioning of about 3 GW of new generation. In total, due to the growing demand of the economy for electricity, by 2035, 17.3 GW of new capacities will be introduced in the country.
More than 800 investment projects are planned to be launched by 202 for a total amount of over $72,3bn that can create about 147,000 jobs.
Svetlana Shesterneva, Almaty
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