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President Nursultan Nazarbayev holds a meeting with Prime Minister Bakytzhan Sagintayev

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In the course of the meeting, the Head of State was presented with a report on the Government’s activities in the 7 months of the current year,

Nursultan Nazarbayev noted the positive dynamics of the country’s economic development indicators and stressed the importance of further implementation of state and sector programs.

“As per my instruction, you have visited several regions of the country. The situation is generally stable. The harvest campaign is ahead. It is necessary to hold it at the proper level, � the President said.

The Head of State was reported on the course of economic development based on the results of 7 months and on the interim results programs’ implementation.

Economic growth amounted to 4.2%. Production indicators exceeded the 100% mark in all regions of the country, except for Kyzylorda and Mangystau regions, where the level of oil production decreased. Currently, we are working with these regions on using new reserve sources.

On attracting investments in stock capital: compared with the same period last year, there was an increase of 3.7%.

Indicators are positive in all regions. The inflation rate increased 0.1% compared to June of this year. It is worth noting the decline in food prices by 0.5%. Unemployment rate is 4.9%,” � B. Sagintayev reported.

The Prime Minister also presented a report on the implementation of the industrialization program, within which 31 projects were launched in the first quarter of this year. According to B. Sagintayev, in the second quarter it is planned to complete 100 more projects, creating 10 000 workplaces.

“The main cause of economic growth is attributed to the implementation of the Nurly Zhol program. This year, 356 billion tenge is envisaged for the construction of roads. 600 km of roads have already been launched this year. By the end of the year, 469 km of roads will become paid. The first project, which implements such a system, the Astana-Borovoe route, brings up to 1.5 billion tenge annually, thereby making up the cost for its construction. Currently, the Astana-Temirtau route is being prepared for the introduction of this system, � the Prime Minister said.

In addition, B. Sagintayev reported on the results of the Nurly Zher program, within the framework of which this year it is planned to build 10.2 million square meters of housing. According to the Prime Minister, construction of 5.5 million square meters was completed in the first half of the year.

Also, the President of Kazakhstan was presented with a report on the implementation of programs in agriculture and information on lending to the country’s economy.

In conclusion, Nursultan Nazarbayev instructed to continue implementation of the tasks set for the Government and Akims, stressing the importance of maintaining positive dynamics and development of allocated funds.

“I think that the Government is working hard. I appeal to everyone, until the end of the year we have to work hard to finish this year with good performance. There are risks. Fluctuations in prices for our energy carriers, raw materials. The influence, perhaps, of Western sanctions against Russia. This must be taken into account, � the Head of State said.

Source: Government of the Republic of Kazakhstan

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