Kazakhstan should be prepared for the global economy changes to maintain the economic growth paces, President Nursultan Nazarbayev told at a joint session of the Kazakh Government.
Lets move onto the current year. Youre well-educated persons and understand that the global economy slows down, the trade weakens, the sanction trade wars go on. This will definitely affect us as we are part of the global economy. Therefore, our task is to be prepared for different scenarios not lose momentum in economic growth. So, we could defend the well-being of Kazakh citizens. Last year I initiated a systematic review of the social policy. Today not every country can afford such growing social expenditures and work. Therefore, these public resources should be used effectively and controlled. I announce the two indicators income and life standard as the main criteria of the countrys effectiveness. Basically, the entire economy is for people in the long run. Work of either minister or mayor and governor should be evaluated under these indicators,” said the Head of State.
Nursultan Nazarbayev has mentioned the task to increase the share of small- and medium-sized businesses in the economy to 30% by 2025.
The Head of State has underlined that it is necessary to create a comprehensive ecosystem to attract investment focusing on investors from developed countries.
The President has noted that exports of products of higher degrees of processing remain the same US $3 billion per year of total exports – 90.
Over the years of independence, around 400 billion dollars of direct foreign investments have been attracted allowing to raise Kazakhstan.