Inflation in Kazakhstan is declining,
having slowed to 8.5 percent in May 2024. The most significant decrease, by
more than two-fold, occurred in February this year when the rate dropped to 9.8
percent from a peak of 21.3 percent in 2023. Timur Suleimenov, the Governor of
the National Bank of Kazakhstan, outlined this in the Senate, an Upper House of
the Kazakh Parliament, while presenting a report on the country’s financial and
economic situation.
«Тhe trend towards stabilizing inflationary processes has allowed us
to gradually lower the base rate from 16.75 percent to 15.75 percent in 2023.
This year, we have reduced the rate further to 14.5 percent. In pursuit of the
medium-term inflation target of five percent, we will continue our
disinflationary monetary policy,» Suleimenov said.
National citizen quality of life standard
proposed for implementation in Kazakhstan
Supreme Audit Chamber Chairman Alikhan
Smailov proposed enhancing the alignment of budgetary spending with achieving specific
improvements in the quality of life of the population. To this end, he
suggested introducing a unified national standard, which would allow for
assessing the actual impact of budget expenditures on the welfare of Kazakh
citizens.
Web-editor: Гайни Жумабек
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