ASTANA, Kazakhstan, February 10. Kazakhstan’s
Government and Akimats (local authorities) are instructed to stop
financing projects due to concerns over unutilized budgets or, even
worse, based on subjective or biased selection, said President
Kassym-Jomart Tokayev at a Government meeting, Trend reports via the press
service of the Kazakh President.
“From now on, such an approach will be viewed as a malicious
action against the state's interests. Only projects that bring real
benefits to our citizens and contribute to the development of the
national economy should receive budget funding,” the president
said.
He also noted that the Government is tasked with conducting a
review of budget programs by May 1 of this year and improving the
mechanism for selecting projects financed by the state. This
includes the quasi-public sector.
To increase transparency in budget expenditures, Tokayev
emphasized the need to expand the use of the digital tenge.
“At present, this tool is already being effectively utilized in
public procurement, subsidies, and financing major projects from
the National Fund. We need to scale this experience more actively
into other sectors,” said the president.
