Kazakh Government adopts draft 2024-2026 republican budget

10:28, 29 August 2023

ASTANA. KAZINFORM The members of the Kazakh Cabinet adopted the draft republican budget for 2024-2026. The corresponding laws and forecast for the social and economic development will be submitted to the Government, Kazinform reports.

As the Kazakh Prime Minister, Alikhan Smailov said, the draft republican budget is aimed at full and timely execution of all state social obligations and providing sustainable economic development.

The GDP is forecast to grow by 5.3-6%. The annual inflation rate is projected at about 6-8% in 2024 decreasing to 5% in 2026.

Budget revenues in 2024 will increase by 1.5 trillion tenge or 10.2% as compared to the approved expenditures this year.

He added that 9.9 trillion tenge will be channeled into the social sphere next year.

In the real sector of the economy, the Prime Minister prioritized the development of the processing industry, business support, development of the transport infrastructure, and gasification. 2.8 trillion tenge will be budgeted into this sector.

Government of Kazakhstan Top Story Government Economy

Zhanna Nurmaganbetova

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