Head of the Administration of the President Karim Massimov and Deputy Head of the Presidential Administration Bakhyt Sultanov attended the meeting.
The Prime Minister briefed on the main indicators of socio-economic development of the country and the measures being taken to maintain the economic growth rates.
“Last year, the country's nominal gross domestic product was lower than the planned by KZT 1.4 trillion. Thus, the economic growth made 5 percent instead of the expected 6 percent. Nevertheless, we believe that it is a good indicator. In addition, the decrease in demand and world prices on the main export products of metallurgical and mining industries also told on the decline in GDP growth and revenues to the national budget. Given these results, we plan to adjust the budget, as we expect that this year it will reach the sum of around KZT 495 billion. For all that, work is ongoing to increase revenue, and steps will be taken to improve the situation,” the Prime Minister highlighted.
Nursultan Nazarbayev emphasized the need to clarify the parameters of the revenue side of the budget in order to achieve targets more effectively.
At the end of the meeting, the President set tasks on the discussed issues of the agenda.