President Tokayev discusses country’s economic situation with government

President Tokayev discusses country’s economic situation with government

Kazakh President Kassym-Jomart Tokayev discussed issues of socio-economic development of the country with the government. The Head of State was presented reports on key development indicators, the execution of the national budget over the past seven months, and parameters of the draft budget for 2025-2027. The government also presented medium-term forecasts. Thus, next year the economy is expected to grow by 5.6 percent, with inflation decreasing to 5.5-7.5 percent. President Tokayev instructed the government to improve the quality of forecasting macroeconomic indicators and the state budget, as well as introduce a clear mechanism of prioritization for public spending.