ASTANA, Kazakhstan, July 15. In the first half of the current year, the volume of financing for priority sectors through the Baiterek Holding amounted to 2.9 trillion tenge (approximately $5.51 billion), said Deputy Prime Minister, Minister of National Economy Serik Zhumangarin at a Government meeting, Trend reports.
According to Zhumangarin, by the end of the year, it is planned
to increase this amount to 8 trillion tenge (approximately $15.2
billion).
"This will provide additional economic growth of about 1.3
percentage points. The capitalization of the Holding from the
budget will continue in the second half of the year. This is our
direct contribution to expanding the opportunities of the real
sector," Zhumangarin summarized.
Moreover, state budget revenues for the first half of the year amounted to 11.4 trillion tenge (approximately $21.66 billion), which is 118.8 percent compared to the same period last year.
“This is the result of tax discipline and the growth of
Kazakhstan’s economy,” added Serik Zhumangarin.
Today, a meeting is taking place in the Government of Kazakhstan,
where the agenda includes discussions on the results of
socio-economic development and the execution of the republican
budget for January-June 2025.
Baiterek National Managing Holding is Kazakhstan's central development institution, established in 2013 by a presidential decree to streamline the management of state-owned enterprises and foster economic growth. It operates under the sole ownership of the Government of Kazakhstan and serves as a key instrument in implementing national economic strategies.
