A three-year national budget for 2026-2028 has been approved in Kazakhstan. The corresponding law was adopted by members of the Mazhilis, the Lower House of the Kazakh Parliament. The budget is based on a baseline scenario that envisions stable growth rates and a decline in inflation. The average annual GDP growth over the next three years is expected to reach 5.3%, while inflation is projected to decrease to 5-7% by 2028. Budget revenues for next year are forecast to exceed 19 trillion tenge, rising to more than 23 trillion tenge by 2028. The budget has been prepared without additional targeted transfers from the National Fund, which, as lawmakers emphasized, demonstrates Kazakhstan's financial independence and economic stability. The budget remains socially oriented — in 2026, nearly 11 trillion tenge will be allocated to support the population. Measures to strengthen the real sector of the economy will also expand, particularly through returnable financing from the Baiterek Holding to launch new investment projects across the regions. Regional development is another key focus, with 581 billion tenge earmarked for regional growth over the next three years.
«All our efforts should be directed toward the practical implementation of the Head of State’s principle: “Strong regions – a strong country.” There are also other important areas that require attention, including issues of public debt, the implementation of investment projects, and the reduction of infrastructure imbalances between regions, among others,» said Mazhilis Chairman Yerlan Koshanov.
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