The Minister of Finance of the Republic of Kazakhstan, Madi Takiyev, presented at the plenary session of the Kurultai the draft Law “On the Republican Budget for 2027–2029”. The document was prepared based on the forecast of socio economic development up to 2030, considering budgetary and macroeconomic risks. “The main goal is to maintain a balance between stimulating economic growth, maintaining financial discipline, and unconditionally fulfilling all the state’s social obligations to its citizens. The central element of this budget is investment in people and for people,” Madi Takiyev emphasized. In 2027, revenues of the republican budget are projected at 25.4 trillion tenge, and expenditures at 30.2 trillion tenge. The deficit will amount to 4.6 trillion tenge, or 2.3% of GDP. It is planned to increase own revenues to 23.4 trillion tenge by 2029. In 2027, 10.5 trillion tenge, or 35% of the total budget, are allocated for human capital. Of this amount, 6.9 trillion tenge will be allocated for social assistance and support, and 2.5 trillion tenge for healthcare. The funding covers the guaranteed volume of free medical care, drug provision, and health insurance. In the field of education and science, measures are envisaged to provide health improvement and rehabilitation for 18,000 children, to improve the qualifications of 76,000 teachers, to enhance educational methodology in 217 “Keleshek Mektepterі” schools, and to provide approximately 25,000 dormitory places for students, master’s and doctoral candidates. 60.4 billion tenge has been allocated for a new pool of scientific projects. The total amount of expenditure aimed at stimulating economic development will amount to 7.5 trillion tenge. Over a three year period, it is planned to implement 347 strategic projects in the areas of transport and logistics, social infrastructure, energy, and water resources, using funds from the National Fund. Their implementation will create about 31,000 jobs and ensure access to infrastructure benefits for approximately 13 million people. The draft law continues to be discussed at meetings of working groups and committees of the Kurultai.

Source : https://www.gov.kz/memleket/entities/minfin/press/news/details/1310700?lang=ru