Government • 20 April, 2020

Government’s anti-crisis measures over pandemic

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During the state of emergency in the country, the President of Kazakhstan Kassym-Jomart Tokayev repeatedly addressed the people with specific instructions aimed at supporting the economy, small and medium-sized businesses, the entire population of the state in these difficult current conditions. Today it is important to make efforts to build a prosperous system of social and financial regulation, says.

In support of citizens and the economy in emergency situations, additional expenses are provided for in three areas.

First. Implementation of the Employment Roadmap, within the framework of which infrastructure projects will be implemented and 254.3 thousand jobs created.

Second. Indexation of social benefits and coverage of costs associated with changes in foreign exchange rates.

The government plans to allocate 315.4 billion tenge for these purposes.

Third. To support citizens and the economy, as well as to implement certain instructions of the Head of State, it is proposed to allocate 293.4 billion tenge.

At the expence of these funds, it is planned to implement a number of measures and projects aimed at stimulating production, while improving the quality of life and increasing income and demand.

At the same time, to cover losses on budget revenues and implement the above measures, the republican budget expenditures were optimized by 532.8 billion tenge. The budget deficit increased by 840.7 billion tenge.

As a result, the parameters of the republican budget are as follows:

  • revenues — 11.8 trillion tenge;
  • expenses — 14.3 trillion tenge;
  • deficit — 2.4 trillion tenge or 3.5% of GDP.

After the decision has been made, in order to ensure a quality and timely use of funds, administrators of budget programs need to conduct public procurement procedures and other relevant activities in time.

Given the current spread of coronavirus infection, the Head of State has ordered to make additional payments to medical and other employees involved in quarantine activities.

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