ASTANA, Kazakhstan, January 21. The Government
of Kazakhstan is set to allocate approximately 8 trillion tenge
(equivalent to $15.7 billion) to bolster the real sector of the
economy, to ensure a minimum GDP growth of 5%, Deputy Prime
Minister and Minister of National Economy Serik Zhumangarin said at
a government meeting, Trend reports via the press service of the Kazakh
government.
He emphasized that the macroeconomic stabilization program will
continue to enhance citizens' welfare. Planned investments in fixed
capital are expected to reach 18% of GDP, while comprehensive
measures are anticipated to increase real incomes by 2-3%.
"Through the proactive economic growth policy, a state-driven
mechanism will be established to develop new production capacities
that will elevate gross value added, export revenues, and labor
productivity. The primary focus will be on advancing
deep-processing clusters designed for both export and import
substitution," Zhumangarin added.
According to the Bureau of National Statistics of Kazakhstan,
the country’s GDP grew by 6.5% in 2025.
The National Bank of Kazakhstan projects GDP growth in 2026 to
range between 3.5% and 4.5%, attributing the slowdown to the high
base effect from 2025, weakened consumer demand, and the ongoing
impacts of fiscal reforms and budget consolidation. For 2027, the
National Bank forecasts growth between 4% and 5%.
United Nations projections indicate a GDP growth of 4.6% for
Kazakhstan in 2026, while Dutch bank ING has raised its estimate
slightly to 4.8%. However, ING predicts a more moderate 4% growth
in 2027. Similarly, the World Bank forecasts a 4.5% growth rate for
2026, with a slight dip to 3.9% in 2027. The International Monetary
Fund (IMF) expects GDP to grow by 4.4% in 2026 and 4.2% in
2027.
