Astana and Almaty avail of government investments

Dec 25. Tengrinews

Writing by Gyuzel Kamalova, editing by Tatyana Kuzmina

Astana and Almaty avail of government investmentsAstana, Almaty and Almaty Oblast have receive the largest portions of the public investments in Kazakhstan, Tengrinews reports citing

Kazakhstani rating agency published a report on capital investments made by the Kazakh government region-wise.

Overall Kazakhstan’s public sector invested 42% most funds this year: During January-November 2014 $6.5 billion were invested in contrast to $4.3 billion invested during the same period last year.

The largest portion of public investments – 14.4% of all the investments made by the government – went to Astana ($907 million), 11.6% went to Almaty ($734 million) and 11.3% went to Almaty Oblast ($710 million).

South Kazakhstan Oblast also got a large portion of investments – 11.0% – and it is also the region most depended on state funding in Kazakhstan – 34.1% of its investments came from the state budget. The region received $692 million.

In Almaty Oblast, the region with the second largest dependence on the state financing for investments, government funds were responsible for 32.6% of all the investments in the region. Akmola Oblast in central Kazakhstan got 31.4% of its investments from the government.

In the meanwhile, oil-bearing western regions of Kazakhstan – Atyrau Oblast and Mangystau Oblast – received only 3.7% and 8.5% of their investments from the budget, all the rest came from private sources. They share in the government investment pool was also small – 3.1% and 3.4% respectively.

Atyrau Oblast, also in Kazakstan’s oil west, and North Kazakhstan Oblast that produces most of Kazakhstan’s wheat, got the smallest portions of the government investment pool – 3.1% and 1.7%. But for the latter even this small amount constituted 19.5% of its total investments.