Tokayev: Country's international reserves exceeded $100 billion

The country’s inflation slowed by 2.5 times compared to the highest rates recorded last year. The international reserves exceeded $100 billion, the President of Kazakhstan said delivering his State-of-the-Nation Address, El.kz reports.

The Head of State said the manufacturing industry is growing faster than the mining sector. It is necessary to launch a new investment cycle, effectively using the created reserve.

As Kassym-Jomart Tokayev noted, the government and akims should pay special attention to the issue of changing the structure of the economy, provide new mechanisms aimed at ensuring sustainable progress of the country. The main goal is to increase the level of income of citizens.

The economic growth should be accompanied by a reduction in social inequality and a strengthening of the middle class. Only in this way will we be able to strengthen the potential of our state. Efficiency should be the key criterion in any business. Every decision, every project should be considered based on their benefits for the state," the President said.

According to the Head of State, today Kazakhstanis live in a completely new political reality. Over the past five years, large-scale reforms have been implemented, and the political system has undergone a radical transformation. Fundamental changes are taking place in public consciousness, the level of legal culture of citizens is increasing, new models of behavior are being formed in society and new values are taking root.

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