Kazakhstan continues to demonstrate stable economic growth and fully meets its social obligations, said Mazhilis deputy Yelnur Beisenbayev at the 12th Civil Forum of Kazakhstan, Zakon.kz reports.
According to him, the transition to a three-year budget has become an important step toward strategic governance and predictability. Kazakhstan is among the few countries that have adopted such a system, reflecting the resilience of its economy.
In 2024, budget revenues exceeded $44 billion — $4 billion more than in Iran and $10 billion more than in Bulgaria.
Beisenbayev emphasized that the government’s social policy focuses on the steady increase of pensions and benefits, whose total amount is expected to grow by 10 trillion tenge over the next decade. About 30% of the national budget — 76 trillion tenge — was allocated to regional development, marking a record level.
Kazakhstan also maintains a significant financial safety cushion: international reserves have reached $64 billion, while public debt remains at 25% of GDP, one of the lowest rates in the region.
The new Budget Code strengthens transparency and parliamentary oversight, setting clear restrictions on the use of targeted transfers.
By key macroeconomic indicators, Kazakhstan ranks among the top 50 countries in the world, maintaining both political and economic stability. The deputy also highlighted progress in parliamentary culture and the multi-party system, noting that electoral reforms have made elections more open and competitive.
CentralasianLIGHT.org
October 16, 2025