Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Kazakhstan’s economy reaches pre-pandemic levels — Askar Mamin

Tuesday, 14 September 2021, 09:53:13

At the government session chaired by Prime Minister Askar Mamin, the results of the country's socio-economic development and the execution of the republican budget for January-August 2021 were considered.

Minister of National Economy Aset Irgaliyev, Chair of the National Bank Erbolat Dossaev, Minister of Finance Yerulan Zhamaubayev reported on the development of the economy, monetary policy, execution of the republican budget, local content in public procurement, Minister of Trade and Integration Bakhyt Sultanov reported on the situation with prices for socially significant food products, Minister of Industry and Infrastructure Development Beibut Atamkulov and Minister of Energy Magzum Mirzagaliyevspoke — about the development of industry and energy sector, Minister of Agriculture Yerbol Karashukeyev — about the country’s agro-industrial complex.

The Head of Government noted that the indicators of the economy of Kazakhstan have reached the pre-pandemic level and continue to demonstrate a confident recovery dynamics. Following the results of eight months of this year, GDP growth was 3%.

The growth rates continue to increase in manufacturing by 5.8%, in trade by 9.1%, communications by 12.8%, and in construction by 11.4%. For 8 months of this year, 8.9 million square meters of housing were built in the country, which is 10.5% more than last year.

Growth in the manufacturing industry is associated with an increase in the production of pharmaceutical products by 40.8%, in mechanical engineering by 23.9%, oil refining by 9.2%, leather goods by 8.4%, food by 4.8% and chemical products. by 2.2%.

Taking into account the restrictions on oil production under OPEC+, the growth rate in the mining sector remains limited (-1.4%).

Growth rates in the services sector continue to recover and have so far reached 2.3% due to strong dynamics in trade (+9.1%) and communications (+12.8%).

The growth of investments in fixed assets amounted to 18%, excluding mining. This became possible due to high rates of investment in fixed assets in construction (+150.1%), manufacturing (+81.7%), agriculture (+43.2%), trade (+39.9%), information and communications (+37.0%), real estate transactions (+16.2%) and transport services (+9.0%).

According to the results of January-August of this year, Almaty, Zhambyl, Kostanay, Mangystau regions and Shymkent city ensured the growth of socio-economic development in all 7 main macro-indicators, Akmola, Aktobe, Atyrau, Karaganda, Kyzylorda, Pavlodar, North Kazakhstan regions and Nur-Sultan — in 6 indicators, East Kazakhstan, Turkistan regions and the city of Almaty — in 5 indicators. The lowest indicators were achieved in the West Kazakhstan region.

The Head of Government instructed the akimats to increase the growth rates in the sectors of the economy, where there is a decrease and slowdown in indicators, to continue work on further diversifying the economy, attracting investment and creating jobs.

The heads of state bodies and akims were instructed to strengthen work to contain prices, the Ministry of Trade and Integration was instructed to clearly coordinate the implementation of the Anti-inflationary Response Package.

“All regions need to ensure the achievement of the planned indicators of socio-economic development and the effective implementation of the tasks set by the Head of State Kassym-Jomart Tokayev,” Mamin said.


News feed
20 October 2021, 20:25
Prime Minister of Kazakhstan Askar Mamin holds telephone conversation with Prime Minister of the Russian Federation Mikhail Mishustin
20 October 2021, 16:33
Prime Minister Askar Mamin chairs meeting of Commission on Digitalization
20 October 2021, 10:46
Yerzhan Yerkinbayev appointed Vice Minister of Culture and Sports of the Republic of Kazakhstan
19 October 2021, 11:23
Alikhan Smailov chairs meeting of Interdepartmental Commission on foreign trade policy and participation in international economic organizations
19 October 2021, 10:46
Covid-19 incidence in Kazakhstan decreased by 17% over past two weeks — Ministry of Healthcare
19 October 2021, 10:30
In 2021, 106 billion tenge allocated for development of villages under Auyl - El Besigi project — Aset Irgaliyev
19 October 2021, 09:39
Askar Mamin instructs to ensure integrated and unified approach to development of rural areas
19 October 2021, 09:24
Over 8 million Kazakhstanis received first component of coronavirus vaccine
18 October 2021, 15:09
Government session to be held Oct. 19 in Ukimet Uyi
18 October 2021, 15:09
Increasing labor productivity, export production and income of rural residents — what tasks are posed by national agro-industrial complex
16 October 2021, 12:21
Askar Mamin instructs to increase efficiency of work of akimats on stabilizing prices
15 October 2021, 18:30
Healthy nation. What areas does national project of the Ministry of Healthcare include
15 October 2021, 11:34
Talgat Momyshev appointed Vice Minister of Ecology, Geology and Natural Resources
14 October 2021, 20:42
Yeraly Tugzhanov and UN Assistant Secretary General discussed priority areas of cooperation between Government of Kazakhstan and UNDP
14 October 2021, 18:06
Askar Mamin inspects implementation of large transport infrastructure projects
13 October 2021, 20:21
Revaccination, work of business facilities and herd immunity — Yeraly Tugzhanov chairs meeting of Interdepartmental Commission
12 October 2021, 15:26
Government discusses issues of cooperation between Kazakhstan and OECD
12 October 2021, 13:19
Government presents national projects for development of Kazakhstan
12 October 2021, 12:47
For 9 months of 2021, positive growth dynamics remained in all economic sectors — Aset Irgaliyev
12 October 2021, 10:27
Government approves national development projects
12 October 2021, 09:42
Pace of economic recovery in Kazakhstan accelerated to 3.4% over 9 months
11 October 2021, 17:45
Prime Minister Askar Mamin meets with leadership of Chevron
11 October 2021, 17:07
Government session to be held Oct. 12 in Ukimet Uyi
11 October 2021, 12:52
Government approves postponement of holidays in 2022
11 October 2021, 09:20
Askar Mamin's visit to the UAE: Pool of new joint projects to exceed $6 billion
09 October 2021, 12:37
Askar Mamin holds meeting on prices for socially significant food products, fuels and lubricants
09 October 2021, 07:59
Yeraly Tugzhanov takes part in opening of Palace of Arts in Uralsk
08 October 2021, 20:23
Yeraly Tugzhanov visits social facilities of West Kazakhstan region
08 October 2021, 17:43
Council on Improving Investment Climate considers development of alternative energy
08 October 2021, 08:25
Askar Mamin discusses implementation of joint projects in petrochemical industry with Head of SIBUR Dmitry Konov
06 October 2021, 15:02
Askar Mamin meets with Head of World Customs Organization Kunio Mikuriya
05 October 2021, 18:28
Yerlan Aukenov relieved as Vice Minister of Labor and Social Protection of Population
05 October 2021, 16:37
FDI in economy of Kazakhstan increased by 30.4% in first half of 2021
05 October 2021, 16:14
Roman Sklyar meets with representatives of Korean business community
05 October 2021, 13:11
Implementation of Comprehensive Plan for Socio-Economic Development of Mangystau Region: Over 60 thousand new jobs to be created by 2025
05 October 2021, 12:47
Prime Minister Askar Mamin meets with Head of Alstom Henri Poupart-Lafarge
05 October 2021, 11:16
Area of ​​irrigated land to be increased to 3 million hectares by 2030 in Kazakhstan — Brekeshev
05 October 2021, 11:03
Askar Mamin instructs to increase efficiency of water resources use
05 October 2021, 09:54
Development projects worth 2.1 trillion tenge to be implemented in Mangystau region until 2025
04 October 2021, 14:59
Government session to be held Oct. 5 in Ukimet Uyi
02 October 2021, 14:05
Askar Mamin holds meeting on prices for socially significant food products
01 October 2021, 18:46
Gabidulla Abdrakhimov relieved as Vice Minister of Culture and Sports of the Republic of Kazakhstan
01 October 2021, 18:06
Askar Mamin meets with Governor of Omsk Region of the Russian Federation Alexander Burkov
01 October 2021, 14:58
Askar Mamin holds meeting with Deputy Prime Minister of the Russian Federation Marat Khusnullin
30 September 2021, 21:33
Roman Sklyar and Marat Khusnullin discuss issues of bilateral cooperation between Kazakhstan and Russia
30 September 2021, 18:47
Problem of access of industrial enterprises to raw materials in Kazakhstan solved within the framework of instructions of the Head of State — Beibut Atamkulov
30 September 2021, 18:16
Kazakhstan and Singapore to cooperate on development of new city in Almaty region
30 September 2021, 17:50
As part of instructions of the Head of State, new approaches to subsidizing in agro-industrial complex under development — Yerbol Karashukeyev
30 September 2021, 17:30
Law on development of agglomerations aimed at regulating interbudgetary relations — Roman Sklyar
30 September 2021, 17:28
In the next five years, new stations with gas generation of about 3 thousand megawatts to be built in Kazakhstan
© 2019 - 2021 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.