Official Source of the
Prime Minister of the
Republic of Kazakhstan
Close button

Alikhan Smailov: About 150 billion tenge allocated from republican budget to combat coronavirus

Monday, 11 May 2020, 17:12:25

The government allocated 5.9 trillion tenge to implement anti-crisis measures related to coronavirus and a decrease in world business activity. Of these, 3.4 trillion tenge came from the republican budget and 2.5 trillion tenge — from extrabudgetary funds, First Deputy Prime Minister – Minister of Finance Alikhan Smailov said this at an online briefing in the government.

The expenses are aimed at increasing employment, monthly payments for loss of income, social benefits, housing, compensation for losses of budget tax revenues and other areas on behalf of the Head of State.

“In particular, one trillion tenge is provided for financing the Employment Roadmap, of which 300 billion tenge from the republican budget (off-budget funds — 700 billion tenge). As part of these funds, infrastructure projects will be implemented in the regions and 255 thousand jobs will be created. 1 trillion tenge is provided for preferential loans to working capital of business entities at 8% and expansion of concessional lending for investment projects at 6% per annum under the Economy of Simple Things program from attracted extra-budgetary funds,” Alikhan Smailov said.

About 4.5 million people within 2 months receive payments on loss of income in the amount of 1 minimum wage or 42.5 thousand tenge. For these purposes, about 370 billion tenge from the State Social Insurance Fund is provided.

For housing construction, an additional 390 billion tenge will be raised from the stock market to bring the volume of housing construction in the country to 15 million square meters. 1.7 trillion tenge has been allocated to compensate for the loss of tax revenues of the republican budget and, accordingly, to fulfill all social obligations of the state.

For compensation of losses of local budgets, in connection with the provision of exemption from taxes and fees on the wage fund for SMEs and large businesses in the affected sectors of the economy, 237 billion tenge is provided.

313 billion tenge will go to additional indexation up to 10% of social payments (pensions, benefits, targeted social assistance), increase scholarships and reimbursement of population payments for utility bills.

“240 billion tenge have been allocated for the expansion of state programs for the development of the agro-industrial complex, Enbek, Business Roadmap, Auyl – El besіgі. Subsidies for the agricultural sector — 50 billion tenge; labor market development within the framework of the Enbek State Program — 50 billion tenge; subsidizing interest rates and guaranteeing loans under the Business Roadmap – 2025 State Program — 84.5 billion tenge; development of social and engineering infrastructure in rural areas within the framework of the Auyl – El Besigi project — 55 billion tenge,” said Smailov.

125 billion tenge are provided for anti-epidemiological measures, including additional payments to medical and other workers, provision of food and household sets for vulnerable groups of the population, and others.

Additional expenses are aimed at supporting citizens and the economy, including the implementation of the instructions of the Head of State — 575 billion tenge.

Within the framework of these funds, budget expenses are envisaged in connection with the growth of the exchange rate, expenses for completing problematic shared construction projects in Nur-Sultan, and other priority tasks.

“About 150 billion tenge has been allocated from the republican budget for the fight against coronavirus or anti-epidemiological measures, or in terms of dollars it is $350 million. This is 5.9 trillion tenge, which are allocated as a whole for the implementation of anti-crisis measures. This is employment support, social benefits, business support, preferential lending to entrepreneurs, housing and so on. These funds are planned for the whole year,” Alikhan Smailov said.

For example, 1 trillion tenge is allocated for preferential lending to a business. These are repayable funds that are provided to businesses in the form of loans at low rates.

One trillion tenge is allocated for the implementation of the Employment Roadmap, of which 300 billion from the budget, the rest are extrabudgetary funds. This is the construction and reconstruction of social facilities, utilities, engineering infrastructure, landscaping of settlements. About 255 thousand jobs will be created. That is, all funds allocated by the government in 2020 have important socio-economic significance and will help to keep the population busy, their income and support business activity in the country.

News feed
01 June 2020, 16:27
Government session to be held June 2 in Ukimet Uyi
29 May 2020, 15:56
Interdepartmental Commission decides to remove checkpoints and resume activities of several industries
28 May 2020, 15:12
Two hundred and thirty best specialists in 11 industries work to increase competitiveness of Kazakhstan
28 May 2020, 01:23
Oil production, gas supply and investment attraction — review of energy sector in Kazakhstan
27 May 2020, 11:36
Prime Minister of Kazakhstan Askar Mamin presented Dostyk Order to UAE Ambassador Mohammed Al-Jaber
26 May 2020, 19:52
Intergovernmental Commission considers issues of strengthening quarantine enforcement
26 May 2020, 11:43
Steady growth of 4% maintained in livestock industry — Ministry of Agriculture
26 May 2020, 11:04
In 2020, it is planned to sow crops on area of ​​22.5 million hectares — Ministry of Agriculture
26 May 2020, 10:51
Efforts in livestock development will be aimed at increasing self-sufficiency and exports — Askar Mamin
26 May 2020, 10:18
Kazakhstan has real potential to become one of world’s food hubs — Askar Mamin
25 May 2020, 22:33
Modernization of pharmaceutical industry and production of protective products: How Kazakhstani enterprises developed during emergency state
25 May 2020, 19:39
Interdepartmental Commission decides to resume several types of activities in regions
25 May 2020, 15:01
Government session to be held May 26 in Ukimet Uyi
24 May 2020, 11:00
Video Digest: Main events of the week, No. 62
24 May 2020, 08:38
Prime Minister Askar Mamin congratulated Kazakhstanis on Oraza Ait
23 May 2020, 22:19
Small and medium-sized enterprises, investment, and exports: What Almaty region focused on
23 May 2020, 21:38
Video Digest: Results of Prime Minister Askar Mamin’s working trip to Almaty region
23 May 2020, 17:26
Prime Minister Askar Mamin gets acquainted with state of hydraulic structures and implementation of development programs in Almaty region
22 May 2020, 16:24
Prime Minister Askar Mamin inspects restoration works in Maktaaral district of Turkistan region
21 May 2020, 12:44
Capital should be an example for all regions — Askar Mamin
20 May 2020, 18:00
Roman Sklyar discusses development of bilateral cooperation in engineering with German companies
19 May 2020, 15:22
Since beginning of 2020, 118 thousand people employed under Enbek program — Birzhan Nurymbetov
19 May 2020, 14:08
Ruslan Dalenov: Main goal of implementing Integrated Plan — to ensure employment of people
19 May 2020, 13:53
Each year, state will purchase 365 thousand tons of agricultural products
19 May 2020, 12:36
Who can purchase housing under new program 5-10-20
19 May 2020, 11:49
Integrated plan to help restore economic activity by the end of 2020 — Ruslan Dalenov
19 May 2020, 10:02
Government adopts Integrated Plan for Recovering Economic Growth
19 May 2020, 09:01
Prime Minister Askar Mamin introduces new minister of finance
19 May 2020, 08:25
Roman Sklyar inspects progress of restoration work in Turkistan region
18 May 2020, 21:03
Total supply of socially significant food products in Kazakhstan is 720 thousand tons
18 May 2020, 17:44
Interdepartmental Commission considers epidemiological situation in the country
18 May 2020, 17:03
Government session to be held May 19 in Ukimet Uyi
17 May 2020, 21:09
Fighting against unemployment and improving adjacent villages — how East Kazakhstan region developing today
17 May 2020, 09:39
Video Digest: Main events of the week, No. 61
16 May 2020, 21:33
Video Digest following Prime Minister Askar Mamin’s working trip to East Kazakhstan Region
16 May 2020, 14:36
Prime Minister Askar Mamin inspects development of Semey city and preparations for 175th anniversary of Abay
15 May 2020, 16:22
Prime Minister Askar Mamin inspects progress of spring field work and socio-economic development of East Kazakhstan region
14 May 2020, 22:52
From agriculture to tourism or how Akmola region develops its key industries
14 May 2020, 18:14
Government delegation led by Deputy Prime Minister Yeraly Tugzhanov pays working visit to Atyrau region
14 May 2020, 17:14
Labor market after emergency state: Number of vacancies and resumes increased
14 May 2020, 17:01
Prime Minister Askar Mamin holds board meeting of Baiterek Holding
14 May 2020, 13:25
Prime Minister Askar Mamin inspects progress of sowing in Akmola region
13 May 2020, 17:43
New package of measures to reopen economic sectors
13 May 2020, 16:02
Prime Minister Askar Mamin instructs regions to introduce reference standard of Smart Cities
12 May 2020, 11:45
According to results for first quarter of 2020, foreign trade turnover of Kazakhstan grew by 2.7%
12 May 2020, 11:21
In January-April 2020, oil production amounted to 31.3 million tons
12 May 2020, 10:36
In January-April 2020, pharmaceutical industry production increased by 24.2% — Ministry of Industry and Infrastructure Development
12 May 2020, 10:18
According to results of four months, state budget received 2.7 trillion tenge of revenues — Ministry of Finance
12 May 2020, 09:56
Communication services increased by 9.6% in January-April 2020 — Ministry of National Economy
12 May 2020, 09:46
Priority task for coming period will be formation of new economic structure — Askar Mamin
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.