The increase in government funding for the quasi-public sector in Kazakhstan raises questions

The increase in government funding for the quasi-public sector in Kazakhstan raises questions

Mazhilis deputy Elnur Beisenbaev, speaking at a joint meeting of the chambers of Parliament, also raised the issue of significantly increasing funding for quasi-public sector entities from the republican budget, Liter.kz reports. In 2023, according to him, the volume of allocated funds reached 1.2 trillion tenge, which is almost one and a half times more … Read more

405 million tenge allocated for new houses for victims in Arkalyk

405 million tenge allocated for new houses for victims in Arkalyk

The government allocated 405 million tenge for new houses for victims in Arkalyk, Liter.kz reports. The Prime Minister’s press service said the funds were taken from the government’s emergency reserve provided for in this year’s budget. Funding was sent to the Ministry of Industry and Construction for targeted transfers to the akimat of the Kostanay … Read more

Regional akims may be allowed to directly enter into contracts with contractors

Regional akims may be allowed to directly enter into contracts with contractors

Senators are discussing the new budget code in the regions, Liter.kz reports with reference to Astana.kz. Deputies of the Senate Finance and Budget Committee held a visiting meeting in Pavlodar. On the agenda is budgetary independence of the regions. Deputies of the regional maslikhat sent more than 50 proposals for the new project, 17 of … Read more

Which countries are investing in the economy of Kazakhstan?

Which countries are investing in the economy of Kazakhstan?

Over the nine months of 2023, Kazakhstan received $19.7 billion in foreign direct investment, Liter.kz reports with reference to Finprom.kz. The most invested in the country’s economy were: Netherlands ($4.6 billion), USA ($3.1 billion), Switzerland ($1.9 billion), Russia ($1.8 billion), China ($1.4 billion). Among the leaders in terms of investment volumes are also South Korea, … Read more