Today, as part of a working visit to Pavlodar region, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev visited secondary school No.36 in Ekibastuz, where he met with the board of trustees, parents' committees of local schools and discussed topical issues of the development of the education system. Among them: improving the quality of teaching, providing educational materials, improving physical infrastructure, digitalization, etc.

The comprehensive secondary school No.36 has been operating since 2016. Currently, 916 children attend the school. The school’s teaching staff consists of 53 teachers. The classrooms are equipped with all necessary hardware. Robotics and chess classes have been opened taking into account new approaches to the modern educational process.

The Prime Minister inspected the IT-rooms, where the teacher B. Belgibayev told about the implementation of the pilot project “Program Your Future”. Student A. Amangeldy, in turn, demonstrated on the interactive whiteboard her animated project in English.

In the assembly hall of the school Bakytzhan Sagintayev held a meeting with the supervisory boards and parents' committees of local schools. Participants of the meeting shared their vision of solving urgent issues in the education system, expressed their proposals for improving the quality of educational services.

The representative of the school № 18 A. Armangul raised the issues of providing first grade students with educational content in the state language. N. Kossdauletova, on behalf of school number 2, raised the issue of further development of the infrastructure of educational institutions. The representative of school № 17, S. Aknurova, spoke about the improvement of the work of mixed schools. V. Kolodyuk (school number 35) - about increasing salaries for social educators, school psychologists, methodologists. K. Kokumbayeva (School No. 22) raised the issue of extending the validity of the Unified National Test certificate. V.Potrahina, on behalf of the school №10, made a proposal on the system of knowledge assessment. The representative of the school No. 21, S. Berteneva, raised the issue of reducing the burden on schoolchildren by moving to a five-day academic week. Sh. Akmurzin raised the issue of opening in the region on the premises of schools of additional junior extended training classes.

Prime Minister B. Sagintayev and Minister of Education and Science Y. Sagadiyev answered the questions of the meeting participants. The open dialogue allowed identifying problems and understanding the general situation, and discussing effective ways to resolve them. Following the results of the discussion, the regional Akimat and the Ministry of Education and Science were instructed to work on the issues and proposals voiced.

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On the instructions of the Head of State, the Prime Minister of the Republic of Kazakhstan is making a series of working trips to the regions of the country. Today, B. Sagintayev arrived in Pavlodar region, where during the meetings with representatives of the public and the region's active core, topical issues will be discussed, as well as measures for further developing the region’s industry, small and medium-sized businesses, as well as improving the quality of services in the fields of education and health.

In addition, the working trip includes visits to a number of social and industrial infrastructure facilities, on the example of which the Prime Minister will get acquainted with the progress of the tasks set by the President in the framework of the Addresses “Third Modernization of Kazakhstan: Global Competitiveness”, “New Development Opportunities in the Conditions of the Fourth Industrial Revolution”, “Five Social Initiatives”, as well as state and sectoral programs.

The working trip to the region began with the city of Ekibastuz. Here, during the visit to the Vostochny coal mine, part of the Eurasian Energy Corporation (ERG), the Prime Minister got acquainted with the readiness of the region for the heating season 2018/19.

The First Deputy Akim of the region U. Zhazylbek reported that according to the results of seven months of the current year, the volume of coal mining increased by 3.5%. The coal stock for the needs of the population of the region today is about 120 000 tonnes. There are about 18 000 tonnes of coal at the fuel bases in the cities and districts of the region. There is no deficit in the region to date, coal is sold freely. Delivery to the population is carried out by more than 300 individual entrepreneurs. The retail value, taking into account the delivery, depending on the distance, type and variety, varies from 6700 to 17 000 tg/t, including hard coal 6700-10 500 tg/t and brown coal - from 11 500 to 17 000 tg/t.

With regards to boiler rooms of social facilities, the budgets of the Akimats of cities and districts provide funds in the amount of 1.376 billion tenge for the purchase of solid fuel in the amount of 183.3 thousand tonnes. To date, 176 thousand tonnes have been delivered to the consumption points. 47.7 thousand tonnes of coal was delivered to 20 central boiler plants. Delivery is carried out as scheduled.

During the inspection of the facility, President of the Eurasian Energy Corporation JSC, V. Grinenko, reported that to date the share of the Vostochny coal mine accounts for about 20% of the produced thermal coal in Kazakhstan. Here, for the first time in the world practice, with an inclined bedding of coal seams with limited horizontal power, a streamline technology of coal mining with conveyor transport to a surface technological complex was designed and introduced. Along with coal mining, its processing is also carried out before shipment to consumers.

Bakytzhan Sagintayev got acquainted with the technological chain of the production process and gave start to a new industrial facility, which has no analogues in the country - a cyclically-overburden complex with a capacity of 10 million m3 of overburden per year. Commissioning will increase labor productivity, provide for the opening of coal seams, and significantly increase the volume of coal ready for direct excavation, and, as a result, increase the competitiveness of the coal enterprise.

“This year we intend to produce 18 million tonnes of solid fuel, which is one million tonnes more than what was shipped to the consumers in 2017. The coal mining industry employs modern machines with high productivity. Every year the level of technological equipment of production increases, which allows improving the quality of coal mined and increasing the level of labor safety,” – V. Grinenko said.

The construction of the second stage is planned to be carried out in the next few years, the final third stage of construction is scheduled for 2027 with reaching an annual productivity of 20 million m3 per year. Virtually all of the work was done by the domestic contractors and their own EEC staff. In total, more than 300 people were involved.

It should be noted that the project envisages the introduction of environmentally friendly technologies, increased automation of management, the rational use of natural resources and the effectiveness of environmental measures.

M. Abishev, Director General of LLP Ekibastuz GRES-1, in turn, reported that the power unit No.5 with a capacity of 325 MW will be put into operation this year. To date, 5 power units, 2 turbines with a total capacity of 2105 MW were upgraded. In 2024, all 8 power units of Ekibastuz GRES-1 will reach the designed capacity.

Overall, according to the regional Akimat, the region's energy complex includes 7 thermal power plants with a total installed capacity of more than 8400 MW. In 2017, energy sources produced 41.35 billion kWh of electric power. The production of electric energy for 8 months amounted to 30.5 billion kWh, or 116.4% compared to the same period last year. The electricity consumption of the Pavlodar region amounted to 12.7 billion kWh, or 41.6% of the total output, supply to other regions of the country amounted to 14.05 billion kWh (46%), exports to the Russian Federation - 3.75 billion kWh (12.3%).

Recall, the Prime Minister is making a series of working trips to the regions on behalf of the Head of State. Earlier, Bakytzhan Sagintayev visited Atyrau, Aktobe, Karaganda, Kostanay, Kyzylorda, Mangystau, South Kazakhstan (now Turkestan), West Kazakhstan, North Kazakhstan and Akmola regions.

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Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with representatives of China’s financial sector led by the Chairman of the China Banking and Insurance Regulatory Commission, Guo Shuqing.

The discussion covered issues of mutually beneficial cooperation between the financial systems of the two countries, including within the framework of the Astana International Financial Center.

The China Banking and Insurance Regulatory Commission was established through the merger in April 2018 of China's banking and insurance regulators: the Banking Regulatory Commission and the Insurance Regulatory Commission. The merger is considered the largest reform of China's financial regulation system over the past fifteen years and is designed to improve the efficiency and coordination of Chinese financial regulation.

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Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev held a meeting on improvement of the business environment.

The meeting covered issues of further improving the environment for business development and regulation of trade activities in the country.

In particular, the meeting participants considered a package of legislative amendments ensuring appropriate conditions for doing business, executing contracts, protecting minority investors, improving the electronic and stock exchange trading systems, domestic trade in the agro-industrial complex, as well as harmonizing the national legislation in the regulation of foreign trade.

The main report was made by Minister of National Economy T. Suleimenov. Deputy Prime Minister E. Dossaev, Minister of Labor and Social Protection of population M. Abylkassymova, Minister of Justice M. Beketayev also made comments, as well as via the video conferencing - Deputy Chairman of the National Bank of Kazakhstan O. Smolyakov.

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Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev chaired the third meeting of the International Expert Council on Digitalization.

The meeting covered issues of cyber security in the light of the active development of IT technologies and widespread digitalization.

In the Address to the People “Third Modernization of Kazakhstan: Global Competitiveness”, the Head of the State instructed the Government to take measures to create the “Cyber shield of Kazakhstan” system. During the meeting, Bakytzhan Sagintayev noted that the Cybersecurity Concept has now been adopted, which defines the main tasks for achieving and maintaining sustainable development of the country.

Member of the Expert Council, Vice-President of IDC in Russia and the CIS Robert Farish, in turn, presented an analysis of the current situation in countries with a high level of penetration of unlicensed software and the most at risk of cyberattacks.

Several international experts also took part in the discussion and made their proposals for harnessing the opportunities of Kazakhstan in this field: Director General of the InfoWatch group of companies Natalia Kaspersky, Director General of the SecDev group Rafal Rohozinski, Executive Director of INSEAD Bruno Lanvin, founder of the e-Governance Academy Ivar Tallo, Chairman of the Advisory Council of the Fraunhofer Institute Burkhard Schiel and Head of IT and electronics at the World Economic Forum Danil Kerimi , and via video-call – International guru in the field of cyber security Dan Lorman..

Following the meeting, Prime Minister Bakytzhan Sagintayev instructed the Ministry of Information and Communication to work out the proposals voiced by experts.

The International Expert Council was established in February of this year. Following the results of the two previous meetings, recommendations on a number of areas of work are being implemented. In particular, the implementation of Scrum approaches has been started, as well as optimization of conceptual plans of measures with long terms in projects for their accelerated implementation, simplification of the process of creating state information systems and development of appropriate legislative amendments that eliminate lengthy procedures for preparing a feasibility study for the creation of systems.

To expand the ways of identifying and obtaining electronic services, the work on using three main tools is expanded: electronic digital signature, one-time password and chat-bots.

Based on the results of a pilot project, in the academic year 2017-2018, standard curricula for the elementary level (grades 1-4) were approved, according to which schoolchildren will be trained in programming.

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Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev chaired a meeting of the National Commission on Modernization.

The meeting covered issues of implementation of the instructions of the Head of State, outlined in the Plan of the Nation - 100 concrete steps.

As was noted during the meeting, most of the areas of work are at the final stage. In particular, a pilot project has been implemented to raise the salaries of civil servants depending on the results of their activities, work is being carried out to improve the quality and level of education and medical services, transfer non-relevant state functions to the competitive environment and self-regulating organizations, strengthen the role of public councils under state bodies and Akims. A large block of issues was considered for the transfer of expert evaluation of projects to a competitive environment, the introduction of the Eurocode system in place of outdated building codes and rules (SNIP), applied from the Soviet period. The meeting participants discussed directions of the work on attracting transnational corporations to the processing sector for the creation of export goods and the entry of Kazakhstan into the world markets, the creation of joint ventures with "anchor investors" - international strategic partners, the development of two innovative clusters as the basis for the formation of a knowledge-based economy, the creation of tourist clusters, the implementation of the initiative "National Champions".

The meeting participants also dwelled on the implementation of steps to develop Astana, as business, cultural and scientific center of Eurasia, attracting researchers, students, entrepreneurs, tourists from around the region. They considered the issue of creation of the Development Strategy of the Astana International Financial Center with specialization in servicing capital markets and Islamic financing.

Taking into account the discussion at the meeting, state bodies and organizations were given specific instructions on the final elaboration of all areas. The results of the work will be heard at the next meeting of the National Commission at the end of this year.

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Today, during the Government session chaired by Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, issues of agricultural development were raised in the course of the consideration of the results of the socio-economic development of the country for eight months of 2018.

Deputy Prime Minister and Minister of Agriculture of the Republic of Kazakhstan Umirzak Shukeyev reported that according to the results for eight months the indicators decreased by 102.4%. 55% is related to plant growing, 45% - to livestock breeding.

“The decline in crop production is associated with weather conditions, since last year by September 1, 40% of the crops had already been harvested. This year, only 17%. If the weather stabilizes, we will improve performance. But at the same time in the livestock sector, some regions are just gaining traction,” – U. Shukeyev said.

According to the Ministry of Agriculture, the program for breeding livestock in the East Kazakhstan region is implemented at 38%, Pavlodar - 27%, Karaganda - 28%. However, at the same time in the Kostanay region, performance is only 13%, Turkestan - 14%.

“Export is much better than last year. Last year, only 5000 tonnes were exported, and this year, according to the results of eight months - 7000 tonnes. This year we hope to reach 115 tonnes. Turkestan region fulfilled this task by 150 percent, Pavlodar by 83 percent, West Kazakhstan region - 58 %, East Kazakhstan region, Karaganda region, Kostanay region –around 8%, 7%, 10%,” – U. Shukeyev.

In this regard, according to the Deputy Prime Minister and Minister of Agriculture, all issues are monitored, conference calls are being held.

“Mainly, we work with Deputy Akims of the regions. We try to put all this responsibility on them. Apparently, the Akims of the regions should pay more attention to this issue themselves,” – U. Shukeyev said.

Another issue is the production of beverages. This one is largely tied to the Ministry of Finance.

“In the production of beverages, there is a 55% decline in the Kyzylorda region, 30% in the East Kazakhstan region. The Akims themselves see these statistics. Sometimes it happens with the production of one or two enterprises. Apparently, the situation needs to be monitored. We hope to reach the declared targets,” – U. Shukeyev summed up.

In general, the Ministry of Agriculture plans to ensure compliance with the declared indicators by the end of the year.

In addition, the First Deputy Minister of Agriculture noted in his report that the greatest decline in crop production was registered in the Akmola region by 8.7%, in Pavlodar - by 6.4% and in the North-Kazakhstan region by 5%.

In connection with this, the regions need to take measures to accelerate the rate of harvesting through the productive use of harvesting equipment, solving problematic issues that hinder the increase in harvesting rates.

At the same time, in spite of the positive dynamics, cattle breeding shows a slowdown in growth rates from 4.1% in seven months to 3.9% in eight months. The decline was registered in: Zhambyl region - from 3.4% to 2.7%, East Kazakhstan region – from 4.0% to 3.7%, Pavlodar region- from 4.4% to 4.1%, Kostanay region - from 5, 2% to 4.9%, Kyzylorda region – from 2.7% to 2.4%, Karaganda region - from 3.6% to 3.4%, Almaty region - from 3.4% to 3.2%.

Meat production increased by 4.5% compared with the corresponding period last year. However, this level is lower than the figure that developed over seven months, which was 4.9%. The decline in growth rates was registered in Zhambyl region (from 4% to 3%) and East Kazakhstan region (from 5.1% to 4.1%) by 1%, Kostanay by 0.8% (from 4.9% to 4.1%), Karaganda region (from 1.6% to 1.2%), Pavlodar region (from 4.5% to 4.1%) and Kyzylorda region (from 3.2% to 2.8%) by 0.4%.

“These same regions do not reach the planned targets ​​for the export of beef. In particular, the Karaganda region export plan was fulfilled only by 7%, East Kazakhstan - by 8%, Kostanay - by 16%, North-Kazakhstan - by 17%. This is the result of the insufficient work of the regions in the implementation of the meat program,” – A. Yevniyev noted.

In particular, the share of participation in the pedigree conversion of the broodstock of Kostanay region does not exceed 11.6%, North Kazakhstan region - 13.7%.

The production of food products during this period increased by 103.5%, with an annual plan of 105.0%. Despite the growth, regions are noted in which the volume of food production is declining, in Zhambyl by 14.5% and in Aktobe region by 12.4%.

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Today at the Government meeting the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev said that by the end of September a special meeting on performance discipline will be held with the participation of regions, banks, business, quasi-public sector.

This task was entrusted to the Ministry of National Economy in cooperation with concerned state bodies and the Office of the Prime Minister.

“The main issue is the analysis of the implementation of the President's instructions. Specifically, the instructions given in the speech at the opening of the session, as well as on the Five Social Initiatives of the Head of State. Timur Muratovich (Suleimenov), a detailed analysis is needed on the quality of execution of instructions, identifying bottlenecks and mechanisms for their solution,” – the Prime Minister summed up.

Recall, at today’s meeting of the Government the heads of central and local executive bodies reported on the results of socio-economic development of the country and the execution of the National budget for eight months of 2018.

Minister of National Economy Timur Suleimenov reported that in January-August of this year, the positive trend of Kazakhstan's economy growth was maintained. At the same time, economic development is taking place in the context of increasing risks and volatility in world markets.

“GDP growth for the reporting period was 3.8%. In order to fulfill the task of GDP growth of 4%, it is necessary to ensure an average monthly growth of 4.2% by the end of this year,” – T. Suleimenov said.

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At today’s meeting of the Government of the Republic of Kazakhstan, during the consideration of the results of the socio-economic development of the country and the execution of the National budget for eight months of 2018, Prime Minister Bakytzhan Sagintayev gave a number of specific instructions to central and local state bodies.

Having heard the reports of the Ministers of National Economy T. Suleimenov, Finance – B. Sultanov, Prime Minister Bakytzhan Sagintayev addressed the ministries, where significant amounts of underutilized budget funds accumulated. Thus, the amount of underutilized funds in the Ministry of Defence allocated from the National budget was 15.4 billion tenge, the Ministry of Culture and Sport - 11.1 billion tenge, the Ministry of Agriculture - 10.9 billion tenge, the Ministry of Internal Affairs - 9.5 billion tenge, The Ministry of Information and Communication - 5.7 billion tenge.

“These are very large amounts, this money can be used to build so many schools, hospitals, kindergartens, to repair roads. This money should be utilized in a timely manner,” – the Prime Minister said, noting that unused funds will be withdrawn from the balance of agencies and redirected to the implementation of state and industry programs in others.

Particular attention was paid to regions showing unreached target indicators of economic growth.

Akim of Kyzylorda region K. Kusherbayev said that in eight months of the year the funds from the National budget were used at 90%, 2.9 billion tenge was unused.

Akim of Turkestan region Zh. Tuimebayev reported on the underutilized target transfers allocated from the National budget in the amount of 1.9 billion tenge.

Akim of West Kazakhstan region A. Kulginov noted that since the beginning of the year a stable negative value for industry has been observed. Since June, its negative value has been growing. Underutilized targeted transfers allocated from the National budget amounted to 1.4 billion tenge.

Akim of Pavlodar region B. Bakauov reported that the amount of underutilized targeted transfers in the region amounted to 1.3 billion tenge.

Akim of North Kazakhstan region K. Aksakalov reported that the number of SMEs with a turnover of more than 2 million tenge was 10 887 or 38% (in the region as of July 1, there are 28 390 SMEs in total) from the total operating SMEs in the region, which is more than the republic-wide values ​​by 9.9%. At the same time, the amount of underutilized targeted transfers allocated from the National budget is 1.3 billion tenge.

Underutilization in Zhambyl region, as reported by Akim A. Myrzakhmetov, amounted to 1.1 billion tenge.

Summing up the consideration of this issue, Prime Minister Bakytzhan Sagintayev instructed the Akims to analyze the current situation, to consider the responsibility of executives who failed to achieve the targets of economic growth.

“The Head of State sets the task of ensuring growth of not less than 4%. However, according to statistical data, following the results of 8 months the growth was 3.8%. As Timur Muratovich (Suleimenov) noted in his report, in order to achieve growth of 4% by the end of the year, we need to ensure a monthly average growth of more than 4%. There is a lot more work now,” – B. Sagintayev said, noting that, as reported by First Deputy Prime Minister A. Mamin, the work stopped in August because of holidays or some other reasons, - “In simple terms, you are slacking off”.

It should be noted that, according to the data of the Ministry of National Economy, the decline in the country's economic growth is also due to external pressures and turbulence.

“If taking into account external and internal factors, this still does not cancel the task. We have all the opportunities to implement the President's instructions and finish the year safely. Therefore, I charge you to take this issue seriously. I instruct the Akims to conduct a debriefing, to assess the responsibility of the executives for unreached targets. The information on the measures taken and disciplinary actions is to be submitted to the Office of the Prime Minister within a week,” – the Prime Minister said.

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Today at the meeting of the Government chaired by Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev, the Ministers of National Economy T. Suleimenov, Finance – B. Sultanov, and Chairman of the National Bank D. Akishev reported on the results of the country's socioeconomic development and execution of the National budget for eight months of 2018.

Minister of National Economy Timur Suleimenov reported that in January-August 2011, the positive trend of Kazakhstan’s economic growth has been maintained. At the same time, economic development is taking place in the context of increasing risks and volatility in world markets.

“GDP growth for the reporting period was 3.8%. In order to fulfill the task of GDP growth of 4%, it is necessary to ensure an average monthly growth of 4.2% by the end of this year,” – T. Suleimenov said.

The growth in output of agricultural production in the seven months amounted to 2.4% against 3.5%. Slowdown is associated with a decrease in crop production by 1.5% due to a decrease in harvesting in Akmola and Pavlodar regions, North Kazakhstan and East Kazakhstan regions. Livestock breeding increased by 3.9%.

The construction sector, with a target of 3.6%, grew by only 0.8%. For seven months, growth was 1.3%. Slowdown is recorded in tertiary industries, to 3.7% from 3.8% in January-July. The target is 4.1%. This is due to a slowdown in growth in information and communication services by 0.7 percentage points to 4.5% (seven months - 5.2%), scientific and technical activities by 0.2 pp to 2.5 % (seven months - 2.7%).

At the same time, trade increased by 5.8% (target - 3.9%) and transport - by 4.8%. Investments in fixed assets increased by 21.4%, including private investments - by 26.8%.

In his report T. Suleimenov drew attention to the decline in production indicators in a number of regions.

“In the North-Kazakhstan, West Kazakhstan, Turkestan and Kyzylorda regions there is a decline in the production of industrial products. The growth is lower than the National average in Almaty, Mangystau, Pavlodar, Karaganda regions, as well as in Astana, Almaty and Shymkent with dynamics ranging from 1.1% to 3.9%,” – the Minister of National Economy reported.

In these regions, according to the Ministry of National Economy, there is a slowdown in oil and gas condensate, uranium ore, freight wagons and flour production.

In agriculture, a positive trend continues in 12 regions. At the same time, the West Kazakhstan region has moved to the negative zone. The decrease was 1.7% due to a decrease in harvest. In Akmola region, the level of the last year was maintained.

With regards to construction, negative value is noted in Astana and Pavlodar region. In Astana, the decline deepened from (-19.1%) to (-21.7%) in seven months.

Foreign trade turnover steadily keeps a high growth trend. In seven months, it increased by 20.1% ($ 51.9 billion). Exports increased by 26% ($ 34 billion). At the same time, the increase in exports of non-primary goods amounted to 4.1% ($ 9 billion). Import increased by 10.3% ($ 17.9 billion). In general, growth is due to imported investment goods (machinery and equipment). Their increase was 17.2%.

The labor market remains stable. From the beginning of this year, 297.1 thousand people were employed (as of August 1). Wages are growing at a moderate pace. In January-July, the average monthly salary was 157.7 thousand tenge and grew by 2.3% in real terms. Real monetary income in January-June increased by 1%.

“There are four months left to achieve annual targets. In terms of GDP, this is 3.8%. But the desired result is 4%. This is not an easy task, given the growing international trade conflicts and volatility in the financial market,” – T. Suleimenov reported.

The Minister of National Economy noted that taking into account the base of the last four months of last year, as well as its historical share over the last six years in the final GDP, on average from 42% to 58%, it is necessary to ensure the growth of the sectors by the end of the year at the level:

- Industry - 5.7%, including processing - 5.6%;

- Agriculture - 4,4%;

- Construction - 3.7%;

- Services - 3.8%, including trade - 5.8%, transport - 4.8%, communications - 4.5%.

“Given the accumulated GDP growth rate since the beginning of the year, the 4% target remains feasible. However, it is possible to fail achieving the target growth rates in such sectors as pharmaceuticals, food and beverage production, oil refining, and agriculture. In these industries, it is necessary to ensure, by the end of the year, an average monthly growth rate in the range of 4-9% to ensure qualitative growth rates of the economy,” – Minister T. Suleimenov reported.

Having heard the report of the Minister of National Economy, Prime Minister Bakytzhan Sagintayev noted that low indicators in 11 regions do not indicate a favorable trend in the economy. Also, decline is observed in construction and investment.

“Everything that you said is correct, but when you showed the fifth and sixth slides, you said that a favorable trend persists. If you talk about production, then 11 regions are lagging with regards to manufacturing, why is it favorable? Further look at construction, look at investments: only four regions are higher than the National level, but what does this mean? If investments are not made in fixed assets, then production will not develop, of what favorable situation can we talk about, it is necessary to demand first of all only from ourselves, and then only to educate the people,” – B. Sagintayev said.

Minister of Finance B. Sultanov reported on the main indicators of budget execution for eight months of this year. Thus, the main indicators of the budget have been significantly improved.

The state budget received income (without transfers) amounting to 5.252 trillion tenge. Thus, the revenues collected are more by 74 billion tenge than for the whole of 2015. The growth of revenues was undoubtedly affected by the improvement of macroeconomic indicators in all sectors of the economy, the growth of prices for oil and metal. This was also facilitated by an increase in the effectiveness of tax and customs administration procedures.

“Current plans for income at all levels of budgets are overfulfilled. The state budget - 104.7%, the National budget - 103.7%, and the local budget - 107%. And there are no problems with regards to executing the updated plan until the end of the financial year,” – B. Sultanov reported.

Expenses in the reporting period were made in the amount of 7.439 trillion tenge. Of these, 55% are directed to the social sphere (in the eight months of last year - 40.8%). The level of utilization of funds is quite high: the state budget - 97.9%, the republican budget - 98.6% and the local budget - 97.8%.

476.3 billion tenge is provided for the implementation of the state program “Nurly Zhol” in the National budget for 2018. According to the Ministry of Finance, the utilization of funds regarding the state program at the National level is quite good. As of September 1, it was spent 248.4 billion tenge, or 99.5% of the plan for the reporting period. The utilization with regards to the annual plan was 52.2%.

“Expenditure of budgetary funds is also constantly monitored. In the reporting period, 923 billion tenge of budget funds were covered by audit. There is a decrease in financial violations compared to the same period last year. Financial violations amounted to 86.6 billion tenge. During the audit, 53.3 billion tenge was recovered,” – the Finance Minister said.

As part of the privatization, out of 887 assets of the Comprehensive Plan as of September 1, 515 facilities were put up. Of these, 435 facilities were sold for a total of 246 billion tenge. 269 ​​ are at the stage of reorganization and liquidation due to the economic inexpediency of their sale, including those unsold after three trades. Thus, the implementation of the Comprehensive Privatization Plan, taking into account the reorganized and liquidated facilities, as of September 1, amounted to 79.4%.

In general, as B. Sultanov noted, the process of privatization proceeds in accordance with sales schedules. By the end of this year, 70 facilities are to be put up, of which 15 are National property, 24 are municipal property, 31 are assets of national holding companies and national companies.

Chairman of the National Bank Daniyar Akishev, in turn, said that inflation for January-August 2018 was 2.9%, which is lower than the same period last year. Annual inflation in August slowed to 6% compared with 7.1% at the end of the previous year. According to the results of the population survey in August, the quantitative estimate of the expected inflation for the year ahead is 5.9%, practically equaling the level of the current annual inflation.

According to the estimates of the National Bank, in the current year inflation will remain in the target corridor of 5-7%. However, in the last few months, the risks have increased that in the future inflation will decline more slowly than the National Bank estimated earlier.

“Inflation in 2019 will be formed near the upper boundary of the target corridor, which was defined in the corridor of 4-7%, which is about 6%. This is due both to the influence of external factors and to the expansion of domestic aggregate demand. In this regard, it is necessary now to take additional measures to keep inflation in the target corridor,” – D. Akishev said.

Since the beginning of this year, the base rate has been reduced from 10.25% to 9%. However, the National Bank does not exclude the tightening of monetary conditions until the end of this year, if the estimates for inflation risks are confirmed.

It was also noted that in the currency market, the tenge rate from the beginning of the year to September 10 weakened by 13.8% and amounted to 378.11 tenge for $ 1. In addition to the weakening of the Russian ruble from the beginning of the year by 22%, the tenge is influenced by considerable weakening of the currencies of developing countries against the dollar.

D. Akishev noted that the National Bank mitigates the fall of the exchange rate, when the demand for the currency is much higher than the supply, but on the whole it does not impede the fundamental trends. At the current moment, this leads to volatility of the exchange rate, but in the long-term provides macroeconomic stability and stability of the balance of payments. The current situation does not pose a threat to financial stability and the situation in banks.

Since 10.09.2018 the National Bank has changed the approach to the formation of the official tenge. Now the official rate is set based on the results of the main additional session with the timing of settlements on the Kazakhstan stock exchange. This approach is fully consistent with international practice. The results of yesterday's trading showed that the transition to a new calculation was carried out successfully and did not cause inconvenience to market participants.

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Sep
2018
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Blogs of government agencies executives

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