Economic growth must be reflected in citizens’ incomes, President Tokayev says

GDP growth must be reflected in the real incomes of Kazakh citizens, President Kassym-Jomart Tokayev said today at an extended government meeting. Last year, the country’s economy grew by 6.5%. To ensure sustainable development amid protectionism, tariff wars, and deglobalization, the President emphasized the need to adapt quickly. Kazakhstan requires a model of sustainable growth with a clearly defined direction for market economy development, which will guide sectoral funding. The government’s immediate priorities are to boost growth through higher productivity, technological modernization, and the development of human capital. Tokayev also instructed a focus on improving the efficiency of special economic zones (SEZs), with a new SEZ development model to be approved within three months. The government must also accelerate refinery modernization, which is expected to increase Kazakhstan’s crude oil processing capacity by 9 million tonnes annually.  

Web-editor: Арайлым Серқанова