Kazakh President holds meeting on economic issues
According to the macroeconomic indicators presented by the Prime Minister, real GDP growth in 2022 will be at least 3%,
Kassym-Jomart Tokayev chaired the meeting on issues related to the forecast of the socio-economic development of the country for 2023-2027, as well as the draft republican budget for 2023-2025, El.kz reports with reference to Akorda.
According to the macroeconomic indicators presented by the Prime Minister, real GDP growth in 2022 will be at least 3%, and in 2023 this figure will reach 4%.
The Head of State noted the achieved balance of the presented forecast of socio-economic development. According to the Government, nominal GDP growth is projected from 103.6 trillion tenge in 2022 to 120.7 trillion tenge in 2023. The increase in budget revenues is projected due to the growth of tax revenues from 10.5 trillion tenge to 13.5 trillion tenge in 2023.
A positive aspect of the draft republican budget is a sharp decrease in guaranteed transfers from the National Fund from more than 4 trillion tenge in 2022 to 2.2 trillion in 2023. Macroeconomic stability will also be positively affected by the reduction of the non-oil deficit from 8.3% to 6.8% in 2023.
Kassym-Jomart Tokayev paid attention of the Government to the need to ensure high-quality planning and distribution of financial resources. In general, the President supported the presented forecast of socio-economic development of the Republic of Kazakhstan for 2023-2027 and the draft republican budget for 2023-2025, taking into account their revision on the points discussed during the meeting.
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