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Bakytzhan Sagintayev: Task before us is to keep up the pace and to ensure economic growth not less than 4% by the end of the year

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Having considered the reports on the results of the country’s social and economic development and the execution of the republican budget for the first half of 2018, Bakytzhan Sagintayev noted that the statistical data for the six months show an increase of 4.1%. Despite the fact that there is a certain growth in some industries, there is a lag in comparison with last year in certain sectors. For example, in the extraction of non-ferrous metal ores, production of non-metallic mineral products, textiles, leather products, beverages, and refining, the growth is not at the proper level.

In this regard, all central and local executive bodies need to strengthen systemic measures to meet this challenge. Particular attention is given to draw on the development of such spheres as production, construction. In particular, 513.4 billion tenge were invested in housing construction, which is 28.4% higher than last year. At the same time, the Prime Minister stressed that, despite the growth of indicators, it is necessary to strengthen work on certain areas of the economy.

“The issue of building dormitories is in the Five Social Initiatives of the Head of State, which is now being implemented only in eight regions of the country. These are Akmola, Karaganda, West Kazakhstan, East Kazakhstan, Almaty, Atyrau, Karaganda regions, Almaty and Astana cities,” the Prime Minister said.

The akims of a number of regions reported on the measures taken to fulfill the President’s instructions.

Akim of Aktobe region Berdybek Saparbayev stated that eight hostels need to be built in the region, at the moment preparatory work is underway. In turn, akim of Zhambyl region Askar Myrzakhmetov noted that estimates for construction of one dormitory have been submitted. Work on two hostels is underway. According to akim of Karaganda region Yerlan Koshanov, until the end of this year 850 students will receive a dormitory place. Akim of Shymkent Gabidulla Abdrakhimov said that the issue of providing hostels is being worked out. For today there are 30 dormitories in the city, 8,000 students are provided with places.

Following the consideration of the issue, the Prime Minister instructed the Ministries of National Economy, Finance, Investment and Development, Energy, Agriculture and regions to take the necessary measures to ensure the growth of the country’s economy.

“Today I reported to the Head of State on the results of the first half of the year. The task before us is to keep up the pace and to ensure the economic growth not less than 4% by the end of the year,” Sagintayev said.

The Prime Minister said that starting this week, within the project office, reports from all ministries and akimats will be heard to achieve the set indicators.

With regard to increasing the efficiency of the use of allocated funds, the proposal of the Ministry of Finance to implement a mechanism for reducing budget programs was supported.

“We conducted an analysis of the commitments of budget programs that were not taken. As a result, we propose to apply the mechanism of reduction to 10% of the annual amount of budget programs, where no contests were held in accordance with the norms of the current budget legislation. On the whole, 16 billion tenge are subject to reduction, Sultanov said.

The Prime Minister also instructed to conduct similar work for the nine months of this year.

Recall, earlier during the consideration of the results of the execution of the republican budget for five months of 2018, the Ministry of Finance was instructed to seize the allocated funds in case of non-fulfillment of the established indicators based on the results of six months of the year and redistribute to implement other tasks set by the Head of State.

Source: The Prime Minister of Kazakhstan

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Bakytzhan Sagintayev: Task before us is to keep up the pace and to ensure economic growth not less than 4% by the end of the year

Closed

Having considered the reports on the results of the country’s social and economic development and the execution of the republican budget for the first half of 2018, Bakytzhan Sagintayev noted that the statistical data for the six months show an increase of 4.1%. Despite the fact that there is a certain growth in some industries, there is a lag in comparison with last year in certain sectors. For example, in the extraction of non-ferrous metal ores, production of non-metallic mineral products, textiles, leather products, beverages, and refining, the growth is not at the proper level.

In this regard, all central and local executive bodies need to strengthen systemic measures to meet this challenge. Particular attention is given to draw on the development of such spheres as production, construction. In particular, 513.4 billion tenge were invested in housing construction, which is 28.4% higher than last year. At the same time, the Prime Minister stressed that, despite the growth of indicators, it is necessary to strengthen work on certain areas of the economy.

“The issue of building dormitories is in the Five Social Initiatives of the Head of State, which is now being implemented only in eight regions of the country. These are Akmola, Karaganda, West Kazakhstan, East Kazakhstan, Almaty, Atyrau, Karaganda regions, Almaty and Astana cities,” the Prime Minister said.

The akims of a number of regions reported on the measures taken to fulfill the President’s instructions.

Akim of Aktobe region Berdybek Saparbayev stated that eight hostels need to be built in the region, at the moment preparatory work is underway. In turn, akim of Zhambyl region Askar Myrzakhmetov noted that estimates for construction of one dormitory have been submitted. Work on two hostels is underway. According to akim of Karaganda region Yerlan Koshanov, until the end of this year 850 students will receive a dormitory place. Akim of Shymkent Gabidulla Abdrakhimov said that the issue of providing hostels is being worked out. For today there are 30 dormitories in the city, 8,000 students are provided with places.

Following the consideration of the issue, the Prime Minister instructed the Ministries of National Economy, Finance, Investment and Development, Energy, Agriculture and regions to take the necessary measures to ensure the growth of the country’s economy.

“Today I reported to the Head of State on the results of the first half of the year. The task before us is to keep up the pace and to ensure the economic growth not less than 4% by the end of the year,” Sagintayev said.

The Prime Minister said that starting this week, within the project office, reports from all ministries and akimats will be heard to achieve the set indicators.

With regard to increasing the efficiency of the use of allocated funds, the proposal of the Ministry of Finance to implement a mechanism for reducing budget programs was supported.

“We conducted an analysis of the commitments of budget programs that were not taken. As a result, we propose to apply the mechanism of reduction to 10% of the annual amount of budget programs, where no contests were held in accordance with the norms of the current budget legislation. On the whole, 16 billion tenge are subject to reduction, Sultanov said.

The Prime Minister also instructed to conduct similar work for the nine months of this year.

Recall, earlier during the consideration of the results of the execution of the republican budget for five months of 2018, the Ministry of Finance was instructed to seize the allocated funds in case of non-fulfillment of the established indicators based on the results of six months of the year and redistribute to implement other tasks set by the Head of State.

Source: The Prime Minister of Kazakhstan

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