GOVERNMENT: Kazakhstan continues to adopt efficient anti-crisis measures


GOVERNMENT: Kazakhstan continues to adopt efficient anti-crisis measuresThe Government of Kazakhstan amended the republican budget for 2015-2017 based on the forecast of socioeconomic development of the country with oil price at about $50-60 a barrel this week.

According to Minister of National Economy Yerbolat Dossayev, under the baseline scenario oil production will grow from 80,5 million tons in 2015 to 93 million tons in 2019. Within the framework of the Nurly zhol program initiated by the Head of State, 101 billion tenge will be earmarked for new anti-crisis measures. Half of that sum will be channeled into agro-industrial complex, transport infrastructure, protection of inner market and construction of housing.

As for construction, the Cabinet endorsed a month-to-month work plan on rental housing this week. “We’ve adopted the month-to-month work plan on rental housing and plan to hold teleconferences where we will discuss the progress of its implementation on a regular basis,” First Vice Prime Minister Bakytzhan Sagintayev said at the plenary session of the Senate, the upper chamber of the Kazakh Parliament, on Friday. He also added that budget spending on the construction of rental housing had been increased countrywide within the framework of the Nurly zhol – Path to the Future program. In his words, the Government allotted 92.5 billion tenge for construction of rental housing in 2015 as part of the program.

Vice Minister of Healthcare and Social Development Svetlana Zhakupova told the weekly press conference that projects analogous to Orleu healthcare project will be launched in the regions since July 1 at the expense of local budgets. According to her, nearly 4 thousand families participated in Orleu project last year.

Minister of Agriculture Assylzhan Mamytbekov announced that anti-crisis support of agricultural sector in 2015 will help create 30 thousand new jobs. Recall that 20 billion tenge will be allotted from the National Fund to support domestic agro-industrial complex in 2015. Besides, the ministry together with KazAgro Holding mapped out the loan programs for small and medium business.

The Kazakh Ministry of Energy is eyeing the possibility of construction of the fourth oil refinery in the country. A special working group was formed to this end. It will look for suitable location for the refinery and potential markets.