Kazakhstan’s Prime Minister Olzhas Bektenov has demanded that the government’s economic bloc shift toward a policy of large-scale financial stimulation. The Prime Minister noted that the republic should look to developed nations, such as Germany, which are actively injecting funds into their economies to maintain momentum, Forbes.kz reports.
During a cabinet meeting, Bektenov instructed his deputy, Serik Zhumangarin, to develop mechanisms for accelerating economic growth. According to the Prime Minister, the country needs more than just a statistical increase; it requires an "intensive and high-quality" breakthrough.
"Currently, many states are allocating impressive financial resources to stimulate economic growth... We must carry out the same work," the Head of Government emphasized.
To realize these ambitions, the government plans to direct 8 trillion tenge toward the development of the real sector. Authorities anticipate that saturating the Kazakh market with domestically produced goods will solve two primary objectives:
- Ensuring sustainable GDP growth.
- Helping to curb inflation by reducing dependence on imports.
The cabinet faces a rigorous task set by President Kassym-Jomart Tokayev: maintaining annual economic growth at a level of at least 6%. This is essential to achieving the strategic goal of expanding the economy to $450 billion by 2029. Given that Kazakhstan’s GDP already grew by $20 billion in 2025, the current financial injections are designed to consolidate and accelerate this trend.
CentralasianLIGHT.org
February 17, 2026