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High investment activity maintained in most regions of Kazakhstan — Aset Irgaliyev

Monday, 12 April 2021, 11:38:44

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-March 2021 were considered. Minister of National Economy Aset Irgaliyev reported on the state of the country's economy.

According to the results of the first quarter of this year. there is an improvement in macroeconomic indicators. In the real sector, excluding mining, growth accelerated to 7.9%. Fixed capital investments excluding mining increased by 34%. Annual inflation has slowed to 7%.

Most of the branches of the real sector have shown steady growth. These are construction (growth by 13.1%), water supply (by 8.6%), manufacturing (by 7.5%), electricity (by 4.9%) and agriculture (by 2.8%). There is also an increase in the sphere of information and communication by 9.9%.

“As a result, the GDP growth rate improved from minus 2.9% in January-February of this year. down to minus 1.6% in January-March. Acceleration of growth rates is noted in the manufacturing industries. Dynamic growth was recorded in mechanical engineering by 21.8%, including in the automotive industry — by 20.7%. The production of building materials increased by 30.1%, chemical products — by 14.2%, plastic products — by 22.3%, clothing — by 25.8%, furniture — by 19.2%, pharmaceuticals — by 9.1%. The upward trend continues in the manufacturing industry. The growth was 7.5%,” Irgaliyev informed.

13 regions showed positive growth. The largest increase is noted in Nur-Sultan due to the growth in the production of concrete, refined gold, railway cars and locomotives; in Almaty — due to the growth in the production of metal structures, buses and concrete; in the Almaty region (by 15.8%) — due to the growth in the production of tobacco products and batteries.

A decrease was observed in 3 regions: in the Atyrau region due to a decrease in the production of gasoline, kerosene and fuel oil; in the West Kazakhstan region due to a decrease in the production of steel pipes and profiles, gasoline and diesel fuel; in the Turkistan region due to a decrease in the production of cotton and natural uranium.

As the minister noted, high investment activity remains in most regions. Average investment growth excluding mining was 34%.

A significant increase in investments is noted in the manufacturing industry by 2.4 times, information and communications — by 63%, agriculture — by 55%, transport — by 42%, construction — by 39%, trade — by 29% and real estate transactions — by 16%.

In the regional context, the best indicators are noted in the Turkistan region — due to the construction of solar power plants and the multifunctional tourist complex "Caravanserai"; in Shymkent — due to the growth in the construction of industrial facilities and the purchase of production equipment, in Almaty — due to the construction of housing and social facilities and engineering infrastructure.

“Growth has accelerated in the construction sector. The volume of completed construction work increased by 13.1%. All regions showed positive growth, with the exception of the Mangystau region, in connection with the completion of work on the construction of a multifunctional hotel and tourist complex,’’ said Irgaliyev.

High growth dynamics is noted in the Turkistan region (2.6 times) due to an increase in the construction of cultural and sports facilities, apartment buildings, a gas pipeline and highways; in the North Kazakhstan region (by 54.5%) — due to the construction of health care facilities, education and agriculture; in Almaty (by 44.7%) — due to the construction of the metro, educational facilities and work on the development of power grids.

In January-March 2021, 2.9 million sq. m of housing was commissioned. This is 8.6% higher than the same period last year. All regions showed positive growth, except for the Pavlodar region. The largest housing commissioning is noted in Shymkent — 5.9 times. In agriculture, there is a steady growth of 2.8%.

The general situation in the regional context for 7 economic indicators is as follows.

For 6 indicators, positive growth is noted in the Almaty and East Kazakhstan regions.

According to 5 indicators, growth is observed in 6 regions. These are Akmola, Aktobe, Zhambyl, Karaganda, Kostanay regions, as well as the city of Shymkent.

In 7 regions, growth was recorded in 4 indicators. This is the average level.

In 2 regions, positive growth is observed in 3 indicators.

At the same time, in trade, in addition to the Almaty region, the East Kazakhstan and Atyrau regions entered the positive zone.

To implement the tasks set, central and local executive bodies are invited to focus on the following measures to stimulate economic growth.

To support SMEs, it is necessary to form a pool of SME projects for concessional lending within the framework of the Economy of Simple Things, Business Road Map 2025, Enbek and the National Bank's concessional lending program.

In order to give a new impetus to investment growth, it is necessary to actively conclude investment agreements with large companies in priority sectors of the economy to create ecosystems.

To accelerate growth in the agro-industrial complex, it is necessary to ensure the timely conduct of spring field work with the effective use of available resources and tools.

In order to prevent price increases, it is necessary to ensure the timely and full implementation of the Roadmap to stabilize prices for socially significant food products.

To ensure maximum employment, it is necessary to constantly monitor the situation on the regional labor markets. Within the framework of the Employment Roadmap, the main emphasis should be placed on the creation of permanent jobs.

East Kazakhstan region in the 1st quarter of this year the growth of the main indicators of the socio-economic development of the region has been ensured.

The volume of industrial production increased by 108.1%, agriculture — 102%, investments in fixed assets — 106.4%, construction works — 106.1%. 101 thousand square meters of housing were commissioned, with an increase of 110.4%. The growth in the number of operating small and medium-sized businesses amounted to 106%. Local budget revenues increased by 114%.

Systematic work is underway to attract investment in the regional economy. A pool of 55 investment projects worth 4.1 trillion tenge has been formed in industry, agro-industrial complex, tourism, energy, trade, logistics with implementation until 2025.

The tasks set by the Head of State and the Government to ensure the growth of the region's economy and improve the well-being of the population will be fulfilled. By the end of the year, positive dynamics will be achieved in all indicators of socio-economic development.

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