BAKU, Azerbaijan, August 25. Kazakhstan's
Government has approved the socio-economic development forecast and
draft national budget for 2027-2029.


This was announced in a statement released by the press office
of the Kazakh Prime Minister.


According to the information, the priorities include maintaining
macroeconomic stability, meeting social obligations, stimulating
economic growth, and accelerating the construction of
infrastructure and social facilities.


The forecast notes that Kazakhstan's average annual real GDP
growth is expected to exceed 5% in 2027-2029. Nominal GDP is
projected to increase from 199.3 trillion tenge (about $420
billion) in 2027 to 245 trillion tenge (about $516 billion) in
2029.


Meanwhile, Prime Minister Olzhas Bektenov noted that the
achievement of economic growth targets and the efficient use of
budget funds remain under the constant control of President
Kassym-Jomart Tokayev.


Kazakhstan's economy grew by 4.1% in January-July 2026, and GDP
growth of at least 5% is targeted for the full year.







"The Head of State keeps under constant control the achievement
of approved economic growth targets and ensures the efficient use
of budget funds. The forecast takes into account the current
economic situation, external development conditions, assessments by
international financial institutions of global economic growth and
conditions in external markets," Bektenov said.


As part of the implementation of the President's instructions,
accelerated construction of infrastructure and social facilities
has been identified as one of the main priorities of the 2027-2029
budget.


Particular attention will also be paid to the efficient use of
budget funds and financial discipline.


State bodies have been instructed to ensure the achievement of
the targeted socio-economic development indicators, while budget
program administrators are to improve the efficiency of spending,
strengthen financial discipline and direct resources toward
fulfilling state obligations, developing the economy and regions,
and building human capital.


The Ministries of Finance and National Economy, together with
the Government Office, have been instructed to submit the draft law
to the Kurultai. Coordination of the work has been assigned to
Deputy Prime Minister and Minister of National Economy Serik
Zhumangarin.