The main indicators of the country’s socio-economic development in the period from January to November were announced by Kazakh Prime Minister Alikhan Smailov at an expanded government meeting chaired by the Head of State. According to Smailov, positive dynamics is observed in such sectors as agriculture, information and communication, construction, manufacturing, trade, transport and warehousing.
«Foreign trade turnover in January-October increased by 34 percent and reached US$111 billion. Exports grew by 45 percent, with a 35-percent proportion of processed goods. Over the reporting period, trade surplus has doubled to US$31 billion,» he said.
Over the first six months of 2022, the volume of investments attracted to the country increased by 28 percent, amounting to US$14.5 billion. Overall, Kazakhstan intends to bring at least US$150 billion in the next seven years. The PM also noted that the introduction of principles to the new Concept of Public Finance Management until 2030 is currently underway. The approved changes will reduce transfers from the National Fund by 1.4 trillion tenge next year, as well as stabilize the growth of budget expenditures.
«Overall, fiscal policy will be aimed at reducing the non-oil deficit to five percent by 2030, and also raising the National Fund assets to US$100 billion,» Smailov added.
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