Abandoning direct price regulation and moving to targeted social support - implementing the 2024 Presidential Address

To implement the President's instructions, amendments and additions were made to the legislation regulating business in April 2024.

"In accordance with these changes, we will abandon direct regulation of prices for socially important goods and move to targeted social assistance. The mechanism for introducing price caps for socially important goods will be eliminated in order to strengthen control over the 15% trade markup,"
— noted the Minister of Trade and Integration Arman Shakkaliev.

Today, a pilot project called "Digital Food Voucher" is being implemented in Kazakhstan, which will allow recipients to purchase socially significant goods at the purchase price without a trade mark-up, ensuring targeted and fair distribution of assistance.

"All tasks of the Head of State are under special control. The implementation of each event is proceeding according to plan, the tasks will be performed qualitatively and within the established time frame,"
— the minister noted.