ASTANA, Kazakhstan, February 9. Kazakhstan
plans to reduce the dependence of local budgets on republican
transfers from 50% in 2025 to 34% by 2028 as part of tax and budget
reforms, Prime Minister Olzhas Bektenov said, Trend reports via the press
service of the Kazakh government.
Bektenov made the statement at an expanded Government meeting
chaired by President Kassym-Jomart Tokayev.
According to the Prime Minister, the adopted reforms in tax,
tariff, and budgetary policy are designed to eliminate structural
imbalances and ensure the sustainability of public finances.
As part of the reforms, Kazakhstan has formed a three-year
national budget without targeted transfers from the National Fund
and plans to gradually reduce the budget deficit to 0.9% of GDP by
2028.
Bektenov noted that Kazakhstan maintained steady economic growth
in 2025. In nominal terms, GDP increased by $20.1 billion, while
real GDP growth reached 6.5%. The growth was driven by accelerated
development in key sectors. Transport expanded by 17.8%,
construction by 14.6%, mining by 17.4%, manufacturing by 12.2%,
trade by 26%, and agriculture by 5.9%.
