Kazakh PM calls on government to maintain country’s dynamic economic growth

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NUR-SULTAN – Kazakh Prime Minister Alikhan Smailov underlined the positive dynamics in key sectors of the economy over the past eight months and instructed his government to maintain the current level of economic growth during a government meeting on 13 September, the Prime Minister reported. Press service.

Kazakh Prime Minister Alikhan Smailov at the September 13 government meeting. Photo credit: primeminister.kz

Manufacturing and mechanical engineering are industries that Smailov says are key drivers of economic growth. Smailov said that Akmola, Karagandy and Kostanai regions, as well as the city of Shymkent, exceeded growth indicators in all major areas of the economy and led administration of these regions to maintain momentum.

According to Kazakh National Economy Minister Alibek Kuantyrov, Kazakhstan’s GDP grew by 3.1% between January and August. The real sector rose 3.3%. Production in mechanical engineering increased by 7.9%.

In the first eight months of 2022, foreign trade turnover increased 37% to $74.3 billion. Exports reached nearly $50 billion.

National budget revenue reached 10.1 trillion tenge ($21.3 billion), of which 6.8 trillion ($14.4 billion) went to the country’s budget and 3.3 trillion ($6.97 billion ) to regional budgets, said Finance Minister Yerulan Zhamaubayev.

Smailov also pointed to rising inflation and ordered the government and regional akimats (governor’s administrations) to step up efforts to stabilize prices of socially essential food items, boost food production and meet domestic market needs. .

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