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

In 2020, employment measures covered 1.4 million people, tax breaks were received by 700 thousand entrepreneurs — Ministry of National Economy

Tuesday, 12 January 2021, 10:43:16

At the government session chaired by Prime Minister Askar Mamin, the results of the country's socio-economic development and execution of the republican budget for 2020 were considered. Minister of National Economy Ruslan Dalenov reported on the state of the country's economy.

According to the minister, in 2020 the growth of the real sector became an economic driver, amounting to 2%. For the service sector, the year ended with a 5.6% loss, although in recent months the dynamics began to recover. As a result, the GDP growth rate was -2.6%, which is higher than the dynamics for 11 months.

Almost all branches of the real sector and certain types of services demonstrate positive growth rates. These are construction, information and communication, agriculture, manufacturing, education.

Also, despite the negative growth in some industries, the dynamics improved by the end of the year. These are transport, trade, scientific and technical activities, operations with real estate, mining.

In 2020, measures to support the economy helped to maintain employment and business activity. To preserve and create jobs, the Employment Roadmap is being implemented.

Tax incentives have been adopted for the affected industries. The instruments of concessional lending to SMEs have been significantly expanded. Financing of working capital has been increased.

Refinancing of loans on favorable terms, as well as loan deferrals were provided. The flexibility of budgetary and public administration is ensured. Increased budgetary incentives.

“As a result, 1.4 million people are covered by employment measures, including 238 thousand people within the framework of the Employment Roadmap. Tax breaks were received by 700 thousand entrepreneurs. 80% of borrowers from affected industries received loan deferrals. About 40 thousand projects of entrepreneurs have been financed at a reduced rate,” Dalenov said.

At the same time, there was a qualitative change in the structure of the economy.

Thus, in 2020, the share of processing in the total volume of industry increased by 9.4 p.p., from 39.4% in 2019 to 48.8% in 2020. There has been double-digit growth in light industry, automotive and finished metal products. Exports of processed, finished goods increased.

Due to production growth, the share of Kazakhstani goods in total consumption increased by 4.7 percentage points. There is an increase of 6 pp. the share of e-commerce and 2 times the volume of non-cash payments, as well as an increase in investment by 14.8% excluding the mining industry.

There is a dynamic growth in the manufacturing industries. Selected processing industries experienced an acceleration in growth compared to last year.

“Food production accelerated to 4%, paper products — up to 16.4%, pharmaceuticals — up to 47%, light industry — up to 15%. High growth rates are demonstrated by mechanical engineering — 16.3%, including the automotive industry — 52.5%, the production of leather products — 2.3 times and wood products — 43.2%,’’ noted Dalenov.

For 11 months of 2020, foreign trade turnover amounted to $77.7 billion, including exports — $43.4 billion. Export of Kazakhstan is carried out to 117 countries of the world. Exported 3,183 types of finished, processed goods. Imports amounted to $34.4 billion. Thus, a positive trade balance of $ 9 billion was ensured.

In 2020, there was an outstripping growth in the manufacturing industry. The processing growth rate accelerated to 3.9%. At the same time, the mining industry decreased by 3.7% due to the reduction in oil under the OPEC+ agreement.

As a result, the overall industrial volume index was 99.3%.

In the manufacturing industry, 12 regions showed positive growth. The greatest growth is noted in Kostanay, Akmola and North Kazakhstan regions.

As the minister informed, in 2020 agriculture entered the positive zone with an increase of 5.6%. This has improved food security. The output of crop production increased by 7.8% and livestock production — by 3%.

Positive dynamics is observed in 13 regions. Kostanay and Akmola showed high growth.

The construction sector recorded a strong growth of 11.2%.

The greatest growth in construction work is noted in the Turkistan region and Shymkent.

“In 2020, a record volume of housing was commissioned — 15.3 million square meters. This is 16.8% higher than the level of 2019. 15 regions showed positive growth. The largest increase is noted in Nur-Sultan — 1.7 times,” Dalenov emphasized.

High investment activity is noted in most regions. Positive growth is observed in 12 regions, of which 5 regions showed growth from 20% to 60%. The best indicators are observed in the Turkestan region and Shymkent city.

In general, investments in fixed assets in the amount of 12.3 trillion tenge were attracted. Investments, excluding the mining industry, increased by 14.8%.


News feed
24 February 2021, 18:18
Yeraly Tugzhanov chairs meeting of Interdepartmental Commission on Preventing the Spread of COVID-19
23 February 2021, 10:30
Government considers readiness for flood period
23 February 2021, 10:00
It is planned to build 17 million square meters of housing in 2021 in Kazakhstan
23 February 2021, 09:30
Government, National Bank and Agency for Regulation and Development of Financial Market sign Agreement on Coordination of Macroeconomic Policy
22 February 2021, 22:43
Healthcare, employment and social support — socio-economic development of Nur-Sultan in 2020
22 February 2021, 17:02
Government session to be held Feb. 23 in Ukimet Uyi
17 February 2021, 16:55
Prime Minister Askar Mamin inspects development projects in Shymkent and Turkistan
16 February 2021, 21:49
Prime Minister of Kazakhstan Askar Mamin holds telephone conversation with Prime Minister of the Russian Federation Mikhail Mishustin
16 February 2021, 12:24
Ministry of Finance: Plans for local budget revenues exceeded in all regions of the republic
16 February 2021, 12:01
Path of Change: Decent Life for Everyone: Government approves Roadmap for Implementation of Nur Otan Party's Pre-Election Program
16 February 2021, 11:45
Small and medium-sized businesses are main source of job creation and increasing incomes of the population — Aset Irgaliyev
16 February 2021, 11:23
87% of withdrawn savings to be used by citizens to solve housing issues — National Bank of Kazakhstan
16 February 2021, 11:04
Timur Zhaksylykov appointed first vice minister of national economy of the Republic of Kazakhstan
16 February 2021, 10:13
In January 2020, basic sectors of Kazakhstan’s economy retained their growth dynamics
15 February 2021, 22:07
Government session to be held Feb. 16 in Ukimet Uyi
13 February 2021, 10:23
Business representatives can participate in PPP projects by investing 20% ​​from their own funds — Tursynbaev
12 February 2021, 13:38
Prime Minister of Kazakhstan Askar Mamin presents Roadmap for Implementation of Pre-Election Program of Nur Otan Party
11 February 2021, 19:02
Maintaining position of grain nation, focus on import substitution and possibilities of agro-industrial complex — results of last year and plans for 2021
11 February 2021, 02:34
Social payments for period of emergency by the end of 2020 assigned to more than 4.6 million people
09 February 2021, 17:25
Askar Mamin chaired a meeting of Project Office on Entrepreneurship
09 February 2021, 11:08
System of auctions made it possible to achieve significant reduction in prices for green economy — Ministry of Energy
09 February 2021, 09:55
Systemic work on development of renewable energy is needed — Askar Mamin
09 February 2021, 09:31
Over 700 thousand business entities in Kazakhstan received tax incentives
08 February 2021, 23:55
Housing construction in Kazakhstan in 2020: Trends and features
08 February 2021, 20:08
Government session to be held Feb. 9 in Ukimet Uyi
07 February 2021, 00:20
Growth in industry, employment and modernization of healthcare system — how economy of Almaty developed during pandemic
05 February 2021, 15:57
Askar Mamin: Priorities of Kazakhstan's chairmanship in EAEU take into account challenges and opportunities in the new conditions
05 February 2021, 15:16
Annual Digital Almaty forum: How heads of government discussed digital transformation
05 February 2021, 11:51
Kazakhstan took 29th place in the UN rating on e-government development
04 February 2021, 22:00
Common economic space, time limits and mutual trade — new opportunities for citizens and business within EAEU
04 February 2021, 19:36
Prime Minister of Kazakhstan Askar Mamin held talks with Prime Minister of the Russian Federation Mikhail Mishustin
04 February 2021, 16:28
Askar Mamin chairs meeting on development of Almaty region
04 February 2021, 15:46
Askar Mamin instructs to timely and efficiently implement development projects in Almaty
03 February 2021, 11:05
Nariman Zhunussov appointed chair of Fisheries Committee of Ministry of Ecology, Geology and Natural Resources
03 February 2021, 10:51
Shavkhat Utemisov appointed chief of staff of the Ministry of Ecology, Geology and Natural Resources
03 February 2021, 10:21
Askar Tynysbekov appointed chair of the Committee for Consumer Protection of the Ministry of Trade and Integration
02 February 2021, 23:41
Infrastructure development, introduction of digital technologies and support for SMEs — development of Shymkent for 2020
02 February 2021, 11:15
Government considers measures to implement decisions of Supreme Council for Reforms
02 February 2021, 10:26
Government considers measures to implement instructions of the Head of State
02 February 2021, 10:20
By 2025, 8 reservoirs to be built in Kazakhstan — Ministry of Ecology, Geology and Natural Resources
02 February 2021, 10:13
Draft Concept of new budgetary policy until 2030 to be formed in Kazakhstan
02 February 2021, 09:50
By the end of 2025, it is planned to commission 13 hydroelectric power plants
01 February 2021, 17:05
Government session to be held Feb. 2 in Ukimet Uyi
30 January 2021, 12:33
Increasing investments, developing tourism and solving housing issues — development of Mangystau region in 2020
30 January 2021, 10:56
Askar Mamin visited Mangystau region on a working trip
29 January 2021, 16:24
New law on media, increasing quality of journalism and working with institution of civil society — development of information industry in Kazakhstan in 2020
28 January 2021, 17:06
Askar Mamin chairs meeting of National Commission on Translation of Kazakh Alphabet into Latin Script
28 January 2021, 12:32
Askar Mamin: Main task at the moment is to complete mass vaccination
28 January 2021, 10:48
Roman Sklyar's working trip to Moscow: Issues of Kazakh-Russian bilateral cooperation discussed
27 January 2021, 20:09
Serik Kozhaniyazov appointed vice minister of ecology, geology and natural resources of the Republic of Kazakhstan
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.