Kazakh Government aims for 6% economic growth

Kazakh Government aims for 6% economic growth
Фото: primeminister.kz 21.06.2024 13:26 588

Prime Minister Olzhas Bektenov informe about measures to achieve economic growth at the level of 6%,El.kz reports citing primeminister.kz.

According to Kazakh PM, despite the difficult geopolitical situation and the current situation of the main trading partners, the Government will make every effort to ensure economic growth.

To date, good growth rates at the level of 8% are demonstrated by the construction, transport and communications sectors. Amid large-scale floods, a certain decrease was noted in trade. However, the growth dynamics in this area is actively recovering.

In general, the Government singles out construction, infrastructure, processing and the agro-industrial complex as key points of economic growth. These sectors will be given priority support.

The government is actively involving the resources and funds of Samruk-Kazyna and Baiterek holdings, the domestic capital market, foreign direct investment and private capital in financing priority projects for the economy. This year, it is planned to finance projects worth more than 3 trillion tenge through Baiterek, and more than 700 billion tenge at the expense of Samruk-Kazyna.

Specific measures:

- it is planned to introduce at least 18 million square meters of housing in construction;

– new preferential mortgage programs of Otbasy Bank – Otau and Nauryz – have been launched. Applications from 64 thousand people have already been accepted for them;

– an additional 222 billion tenge was allocated for the construction of rental housing;

- it is planned to build, reconstruct and repair more than 12 thousand km of roads;

- the territories of 13 special economic and industrial zones, as well as small industrial zones, will be provided with the necessary infrastructure;

-it is planned to gasify an additional 87 settlements;

– gas processing plants are under construction;

- to support domestic producers, the list of exemptions from the national regime has been expanded by 4 times

"These are the main large-scale measures that we are now implementing. They will ensure economic growth," Olzhas Bektenov emphasized.

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