ASTANA, Kazakhstan, November 2. The Government of Kazakhstan is working on the implementation of 970 large investment projects worth 32 trillion tenge (about $68.4 billion), including in the non-resource sector, said Prime Minister Alikhan Smailov, Trend reports.
As he noted, in 2024, the volume of targeted transfer from the National Fund will amount to 1.6 trillion tenge (about $3.4 billion).
"These funds will be used to finance socially significant and strategic infrastructure projects," he said.
Smailov pointed out that the size of targeted transfers will decrease in the coming years due to growth in state budget revenues.
"To do this, we will resolve issues of attracting investments and financing the real sector of the economy. In particular, this concerns state support for small and medium-sized businesses, as well as the agro-industrial complex," he said.
Along with this, measures will be taken to modernize the engineering infrastructure through the “Tariff in exchange for investment” program, which will also have a positive effect on the development of the real sector of the economy of Kazakhstan.
"Next year we forecast economic growth at 5.3 percent, and then at least 6 percent. To increase budget revenues, we focus on economic development, improving tax administration and combating the shadow economy," he said.
