Oligarchic capitalism in Kazakhstan has generated social inequality and an imbalance of the domestic market.
The unscrupulous activity of monopolists hindered the growth of real incomes of citizens, drove them into a “poverty trap” and did not allow the middle class to strengthen.
We will radically change the model of economic development.
The economy will be demonopolized, and the state will significantly reduce its presence in business. The bureaucratic pressure on honest environment will decrease. All our efforts will be aimed at stimulating and protecting entrepreneurship.
The denationalization of valuable assets will take place under strict control, they will not fall into the hands of a limited number of persons.
We will intensify work on the return to our country of illegally obtained and withdrawn assets. They will work for the benefit of all the people.
Our country has enough resources to ensure the well-being of the nation.
Currently, the incomes of citizens against the background of the country's economic potential are disproportionately small. This is mostly due to the lack of large-scale processing of raw materials in Kazakhstan. Therefore, we will ensure the supply of affordable raw materials to the business to create final goods.
In a Fair Kazakhstan, a worthy place will be provided for any legitimate entrepreneurial activity, such as small, medium and large businesses.
Permanent jobs will be created in all sectors of the economy, and affordable bank lending will be provided. Special attention will be paid to the integrated development of all regions.
Fair and predictable economic policy of the state
The state will pursue a balanced, transparent tax, budget, monetary and tariff policy.
The tax policy will become an incentive for non-commodity exports and the creation of domestic industries. A favorable investment climate will be formed. Control over the filling and spending of the National Fund will be strengthened. Thus, we will ensure a prosperous future for the younger generation.
Everything that hinders the development of a competitive business will be eliminated. This applies to both inefficient state monopolies and the overgrown shadow economy. The state will continue its active presence only in those areas where private business is not ready to work yet.
Systematic measures will be taken to improve the welfare of citizens by increasing labor incomes and curbing inflation.
The effectiveness of economic policy will be assessed not only by GDP growth, but primarily by creating high-quality jobs, increasing real incomes of citizens, improving the level of education, and providing health services.
Honest and productive work of citizens will be respected, protected and worthily paid. Career prospects and income of employees should depend on their professionalism, responsibility and mobility.
We will create a competitive and safe working environment in which the rights of employees will be ensured by strictstate supervision and strong trade unions.
The state will protect law-abiding entrepreneurs from unreasonable administrative pressure and interference of inspection structures.
The growth rate of the country's manufacturing industry will be accelerated. It is necessary to build work on creating an effective industrial chain within the country. It will gradually create products of higher added value.
Existing enterprises will be upgraded to increase productivity and competitiveness.
We will strengthen the basic branches of the industry. A new impetus to the exploration and production of our natural resources, such as oil, gas, minerals will be given. We will gradually move on to the creation of new sectors of industry and high-value-added products.
Infrastructural support for new industries will be increased. The chemical industry will continue to develop.
The state will build new transparent “rules of the game” in geology in order to launch large-scale geological exploration with the involvement of large investors with advanced technologies. At the same time, we will maximize local content and technology transfer.
To this end, we will:
- Increase the assets of the National Fund to $ 100 billion, ensuring high-quality management of the fund, its safety and a decent investment income.
- Decrease the level of the shadow economy to the indicator of the OECD countries – 15% of GDP.
- Reduce the presence of the state in the economy to 14% by 2025.
- Attract at least 150 billion dollars of foreign direct investment.
- ï Demonopolization of the economy will continue, we will strengthen control over monopolists and protection of competition;
- Adopt a new Tax Code to ensure fair, transparent, predictable taxation.
- Introduce increased tax rates on luxury goods.
- Stimulate the increase of employees' salaries through the establishment of business counter obligations when receiving state support measures.
- Provide an exemption from taxation of the company's income, in the amount of funds allocated to increase the wage Fund of production personnel.
- Introduce from 2025 a mechanism to increase the minimum wage depending on the level of inflation.
- Ensure growth in the number of people employed in small and medium-sized businesses up to 4.7 million people.
- Protect the domestic labor market, ensure the interests of employees who are citizens of our country.
- Employ more than 3.3 million citizens, including at least 2.3 million young people;
- Liberalize labor legislation for the development of new forms of employment, such as remote work, flexible working hours, part-time employment, freelancing.
- Adopt a new law “On Public Procurement”, which provides for the priority of quality over the minimum price of purchased goods, works and services, as well as the priority of local content.
- Ensure the supply of basic materials at a discount from world prices to the domestic market for the production of finished products.
- Together with foreign partners, design a new long-term development plan for our largest oil projects.
Competitive Agriculture and Sustainable Rural Development
Agriculture will become a new driver of the domestic economy. The following years will be marked by the development of rural areas. We will create conditions for mass employment in countryside and support entrepreneurial initiatives of villagers.
Residents will have access to the land. For this purpose, we will intensify the return of land plots unused by large owners.
Demonopolization in the agricultural sector should be accompanied by transparent legal procedures, tax incentives and the introduction of state-of-the art technologies.
It is necessary to improve the efficiency of water-saving technologies, restore the system of land reclamation and irrigation.
The state is implementing a large-scale project on the organization of agricultural cooperatives. Cooperatives will become direct suppliers of products from field to market. Ineffective intermediaries will be excluded.
To this end, we will:
Pay priority attention to the accelerated development of the Auyl.
Develop a Concept for Rural Development.
Allocate 1 trillion tenge for the development of agricultural cooperation with coverage of more than 1 million villagers.
Provide preferential conditions for obtaining agricultural machinery for leasing, micro-loans and access to sales markets in large cities;
Involve half of all private subsidiary farms in cooperative entrepreneurship, as a result of which more than 350 thousand high-quality jobs will appear in agriculture.
Double the total irrigation area and bring it to at least 2.2 million hectares.
Reconstruct 3.5 thousand km of irrigation canals.
Build 25 new and reconstruct 16 existing water storage reservoirs, which will allow additional accumulation of about 4 cubic kilometers of water.
Open Transport Corridors and Logistics
Kazakhstan's economy needs to expand transport corridors. Disruption of the usual global supply routes has increased transit prospects of the country.
We must build new high-quality roads, warehouses, port facilities, and provide the industry with locomotives, trucks, and containers.
The state will increase the cargo turnover and capacity of our transit corridors. It will give a powerful impetus to attracting large investment to the country’s economy.
To this end, we will:
Transform the Trans-Caspian International Transport Route into the main link for the diversification of transit and export opportunities.
Strengthen seaports and fleet, and create a modern container hub on the Caspian Sea.
Launch a network of border trade and economic centers with Russia, China, Central Asia and the Caspian region.
Create a Single Digital Green Corridor for transit traffic without restricting access to domestic producers and exporters.
Foster genuine competition in the air transportation market to reduce ticket prices.
Repair 11 thousand kilometers of railway sections.
Launch the Dostyk-Moyynty, Darbaza-Maktaral railway lines, a bypass line around Almaty, and the Bakhty railway crossing with China.
A stable energy sector is the basis for industrial growth. We will continue to create an independent energy system.
It will fully meet the household needs of people and the industrial demands.
We will ensure the diversification of hydrocarbon production and gasification of our regions, and develop alternative energy sources with an emphasis on green technologies.
To this end, we will:
Provide the domestic market with the main types of petroleum products by increasing the volume of processing to 21 million tons per year.
Diversify the corridors for the export of hydrocarbon raw materials as oil production increases.
Build new gas processing facilities to increase the volume of commercial gas to 30 billion cubic meters.
Achieve a 60% level of gasification in the country.
Modernize and build 3.7 GW of power generating capacity and thermal power plants.
Increase the volume of renewable energy production by 1.5 times.
Complete the construction of a power transmission line looping the country's power grid.
Strong Regions and Developed Infrastructure
A fair regional policy means a comfortable life for citizens both in large cities and in small villages.
Every family will have access to clean drinking water, high-quality roads, stable cellular communications and high-speed Internet.
The state will build new housing and modernize housing and communal infrastructure in all regions. We will provide high-quality jobs, equal opportunities for the development and self-realization of citizens.
All this will make the regions strong, attractive for investment and living.
To this end, we will:
Build 111 million square meters of housing within 7 years.
Complete the construction of all problematic residential buildings with equity participation.
Provide new housing for about 40 thousand owners of dilapidated housing.
Continue mortgage lending under the 7-20-25 program.
Intensify the construction of engineering communications in areas of mass housing development.
Ensure 100% of settlements with water supply services.
Reduce the wear rate of heating and sanitation networks by up to 40%.
Provide high-quality construction and reconstruction of 8 thousand kilometers of highways of national significance and 14 thousand kilometers of regional and district significance.
Cover all national and main regional highways with high-quality cellular and Internet connection.
Attract new investments in the housing and utilities sector on the principle of “tariff in exchange for investment”.
Advanced Applied Science
The state will create a technological springboard for the transition from basic to complex production of high-tech goods. Therefore, science will focus on new production technologies that will make the country more competitive.
Our scientists will works towards resolving practical issues, such as improving road construction, modernizing agriculture and increasing the industrial efficiency.
This work will be carried out in close cooperation between the state, scientists and business.
To this end, we will:
Gradually increase the financing of applied science, including through co-financing of scientific research by large businesses;
Create conditions for the commercialization of the results of scientific and scientific-technical activities, in particular, through the allocation of grants;
Establish specialized engineering centers at leading universities and large enterprises;
Adopt the Law on Science and Technology Policy.
New Digital Opportunities
Digitalization improves the quality of life and ensures equality of opportunity for citizens. IT solutions in public and private services have already changed social relations in our country.
We will continue to introduce digital technologies into all spheres of life.
Citizens will have access to high-quality digital services. Cellular communications of the fifth generation (5G) will be launched in all regional and district centers.
The security of citizens' personal data will be improved through the introduction of the world's best standards for the collection, storage and classification of personal data.
We will do our best to promote artificial intelligence technologies, virtual and augmented reality, digital assets and blockchain.
To this end, we will:
Provide access to broadband Internet in cities and regional centers
Build powerful data processing centers and cross-border fiber-optic highways, and update legislation to attract international IT companies to become a digital regional hub.
Create at least 150 thousand new jobs in IT companies.
Bring the contribution of digital technologies to the economy to 1% of the country's GDP.