Kazakhstan’s Tokayev guarantees to scale back inflation to 4% inside three years


NUR-SULTAN, Kazakhstan – Kazakhstan’s President Kassym-Jomart Tokayev offered the election program of the ruling social gathering within the republic – Nur Otan for the following 5 years. Speaking at a rare congress of the social gathering, he promised that the nation’s authorities will proceed to supply social assist to the inhabitants.
“As a result, the non-oil budget deficit by 2025, according to the government’s calculations, will be 6%, and the overall deficit will be no more than 3%. Within three years, inflation will be reduced to 4%, possibly even below this figure. Active industrialisation will lead to an increase in production volumes in the manufacturing industry by 1.5 times,” Tokayev mentioned on the extraordinary congress Nur Otan on November 25.
According to him, the federal government should prioritise IT and tourism. This will create about 300,000 new jobs.
“Investments in the field of data processing and storage will increase sixfold, we will also actively promote Kazakhstani exports. Our task is to double the volume of non-primary exports – up to $ 40 billion a year,” the top of the nation added.