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The Government of Kazakhstan considers a work plan for the first half of 2017

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by February 7, 2017 Business

Minister of National Economy of Kazakhstan T. Suleymenov reported that more than 148 events are planned by 9 key areas. The achievement of the planned GDP growth, creation of favorable conditions for private sector growth, attraction of private investment, a breakthrough in the development of mass entrepreneurship and raising incomes, deepening of reform to improve the quality of human capital and more are among them.

“Forecast of socio-economic development and the parameters of the republican budget for 2017 will be revised in order to increase to balance the budget in February,” Suleymanov said.

He informed that the Ministry will monitor price for socially important food products in order to ensure ongoing price stability. In addition, a draft law on the introduction of mechanisms to limit trade margins and limiting the size of the trading fees of subjects of trading activity in the implementation of socio – important goods will be developed.

The concept of the National Export Strategy of Kazakhstan will be developed in order to create an institutional framework for the effective development of the manufacturing industry and the promotion of exports of Kazakh products.

Also, to create an enabling environment for private sector development system for business deregulation measures will be developed before the end of the 1st half with the introduction of the best standards and practices of developed countries A large-scale audit of supervisory and control functions will be completed. in March and proposals to the Government to reduce them, and to reduce the number of inspection bodies will be made.

In addition, measures to strengthen the PPP at the regional level and it will reduce the time of the examination before the conclusion of the PPP contract up to 4-6 months, which is 2.5 times less than the standard procedures. According to the minister, a single database of all republican and local PPP projects will be created in June in order to attract investors. As a result, 54 projects will be displayed in the PPP Competition during the year.

The Minister noted that the credit / micro-credit regulations in cities, guaranteeing on micro-credit issued by microcredit institutions and STB in the cities and basic techniques of entrepreneurship have been already approved. Tutorial for potential entrepreneurs from among the unemployed and the self-employed on the “Bastau Business” project will be launched in March.

Source: The Prime Minister of Kazakhstan

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