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

Government of Kazakhstan approves Forecast of Socio-Economic Development for 2020-2024

Tuesday, 27 August 2019, 15:18:25

At the Government session chaired by Prime Minister Askar Mamin, the draft Forecast for the Socio-Economic Development of the Country until 2024, as well as draft laws on the republican budget for 2020-2022, on the volume of general transfers between the republican and regional budgets for 2020-2022 and a guaranteed transfer from the National Fund were approved.

The bills were presented by the First Deputy Prime Minister – Minister of Finance Alikhan Smailov, Minister of National Economy Ruslan Dalenov. The Chairman of the National Bank Erbolat Dossaev also spoke on the agenda.

According to the forecast, real growth in Kazakhstan's GDP is projected at 4.1% in 2020, with a subsequent increase to 4.7% in 2024. The average annual GDP growth rate for the forecast period will be 4.4%.

In the draft republican budget, revenues for 2020 will amount to 11.2 trillion tenge, an increase of 639 billion tenge against the plan for the current year. The priorities of the republican budget expenditures for 2020-2022 will be directed to the further implementation of the annual Addresses of the Head of State to the people of Kazakhstan and the announced initiatives of the First President – Elbasy.

The priority areas remain the same — to further improve the quality of life and well-being of the population. The expenses of the social sphere in 2020 are planned in the amount of 5.7 trillion billion tenge, which is 303 billion tenge more than this year.

The prime minister noted that when determining the volume of transfers of a general nature for 2020-2022, the characteristics of each region and the levels of their economic development were taken into account.

“The envisaged funds of the republican budget will make it possible to fully fulfill all social obligations of the state,” Askar Mamin said.

Budget expenditures will also be used to support the real sector of the economy, including industrial and innovative development, housing and transport infrastructure, agriculture, digitalization, and productive employment.

“Akims of the regions need to adhere to established directions when spending budget funds,” Mamin emphasized.

These bills are agreed with the Head of State and in the prescribed manner approved by the Republican Budget Commission. Following the results of the consideration at the Cabinet of Ministers, the projects will be submitted to the Majilis of the Parliament.


News feed
03 August 2020, 16:04
Government session to be held Aug. 4 in Ukimet Uyi
03 August 2020, 14:20
New program of Housing Construction Savings Bank "Zhas Otbasy" started July 1 in Kazakhstan
03 August 2020, 14:10
In 2021, Housing Construction Savings Bank plans to issue mortgage online
03 August 2020, 14:00
Transforming Housing Construction Savings Bank into Otbasy Bank and providing Kazakhstanis with housing — interview with Lyazzat Ibragimova
03 August 2020, 10:47
Shakhmardan Baimanov appointed chair of Committee on Youth and Family Affairs of the Ministry of Information and Social Development
03 August 2020, 09:32
Anuar Dzhumadildayev appointed chair of Treasury Committee of the Ministry of Finance
02 August 2020, 17:30
Video Digest: Main events of the week, No. 71
31 July 2020, 08:29
Prime Minister Askar Mamin congratulates Kazakhstanis on Kurban Ait
30 July 2020, 18:30
Yerbol Ospanov appointed vice minister of labor and social protection of the population
30 July 2020, 17:15
Increasing yield, ensuring phytosanitary safety and training of research personnel — how agricultural science develops in Kazakhstan
30 July 2020, 16:04
Allen Chaizhunussov appointed chair of the Board of QazExpoCongress
30 July 2020, 13:09
Prime Minister Askar Mamin instructs to develop additional measures to support business
30 July 2020, 08:58
Roman Sklyar's working trip to Tatarstan: Creating joint ventures and implementing investment projects
29 July 2020, 20:56
Interdepartmental Commission takes special control over implementation of President’s instructions
29 July 2020, 16:57
Increasing lending to SMEs, providing employment and social benefits to population — Ruslan Dalenov on measures to support economy
28 July 2020, 21:37
Mortgage on favorable terms and construction of affordable housing — development of housing construction in Kazakhstan
28 July 2020, 19:03
Prime Minister Askar Mamin holds meeting on development of Kyzylorda region
28 July 2020, 11:17
During pandemic, Internet and electronic government services became the first necessity — Bagdat Mussin
28 July 2020, 10:20
E-commerce market amounted to 435 billion tenge in first half of 2020
28 July 2020, 10:13
In first half of 2020, e-commerce in Kazakhstan increased by one and half times
28 July 2020, 10:06
Epidemiological situation in Kazakhstan stabilizing
28 July 2020, 10:00
Since introduction of quarantine in Kazakhstan, 29% decrease in CVI cases recorded
27 July 2020, 14:26
Government session to be held July 28 in Ukimet Uyi
27 July 2020, 12:03
Changing approaches to provision of medical care reduced burden on bed capacity of Almaty — Nadyrov
27 July 2020, 11:37
After launch of mobile resuscitation teams in Almaty, number of deaths from COVID-19 decreased
27 July 2020, 11:21
Nadyrov on COVID-19 in Almaty: Unloading hospitals, switching to telemedicine and forming drug warehouse
25 July 2020, 13:22
Video Digest: Main events of the week, No. 70
24 July 2020, 18:45
Tugzhanov in Mangystau region: Meeting with medical workers and checking warehouses of SK-Pharmacy
23 July 2020, 19:07
President Kassym-Jomart Tokayev receives Prime Minister Askar Mamin
23 July 2020, 17:24
Personnel training, teaching basics of entrepreneurship, expanding microcrediting in rural areas — how Enbek State Program implemented in Kazakhstan
23 July 2020, 09:07
COVID-19 Operational Headquarters strengthens control in regions
22 July 2020, 18:42
Eliminating spontaneous dumps, separating solid waste and protecting environment — Ministry of Ecology reports on implementation of President's instructions
21 July 2020, 22:49
COVID-19 situation stabilized in Kazakhstan: Daily growth in number of cases reduced, number of recovered increased
21 July 2020, 22:03
Kazakh-Russian plant for 1,200 new jobs to be built in Zhambyl region
21 July 2020, 14:09
Regions need to actively support projects until they receive the status of subsidized — Atameken NCE
21 July 2020, 12:19
Production of building materials in Kazakhstan increased 3.3 times — Ministry of Industry and Infrastructure Development
21 July 2020, 11:05
Over 2 thousand projects worth half a billion tenge approved under Economy of Simple Things
21 July 2020, 11:04
Number of ambulance calls reduced by 23% in two weeks — Ministry of Healthcare of Kazakhstan
21 July 2020, 10:54
Kazakhstan reaches stabilized level of epidemiological situation
20 July 2020, 18:39
Asel Zhanassova appointed vice minister of trade and integration of the Republic of Kazakhstan
20 July 2020, 17:47
Prime Minister Askar Mamin introduces First Vice Minister of Digital Development Bagdat Mussin
20 July 2020, 16:47
Investments — key to sustainable and high-quality economic growth
20 July 2020, 16:16
Government session to be held July 21 in Ukimet Uyi
19 July 2020, 10:01
Video Digest: Main events of the week, No. 69
18 July 2020, 09:02
Prime Minister Askar Mamin participates in session of Eurasian Intergovernmental Council in Minsk and meets with President of Belarus Alexander Lukashenko
16 July 2020, 19:28
Yeraly Tugzhanov inspects progress of implementation of President's orders in medical institutions of the capital
14 July 2020, 15:31
New school year for Kazakhstani students to begin remotely — Ministry of Education and Science
14 July 2020, 13:12
About 281 thousand Kazakhstanis employed through the e-labor exchange in 2020
14 July 2020, 12:54
Over 22 million electronic services provided in Kazakhstan during pandemic — Ministry of Digital Development, Innovation and Aerospace Industry
14 July 2020, 12:46
Kazakhstan plans to bring irrigated land to 3 million hectares by 2030
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.