President Tokayev highlights 7 key principles of Kazakhstan’s new economic course

    President of Kazakhstan Kassym-Jomart Tokayev has delivered his annual state-of-the-nation address today highlighting seven key principles of the new economic course Kazakhstan is set to embark in the nearest future, Kazinform reports.

    Seven key principles of Kazakhstan’s new economic course are as follows: equitable distribution of wealth and responsibilities, leading role of private entrepreneurship through support and development of SMEs, effectiveness through fair competition, versatility of economy, development of human capital through investment into the education of new format, ‘greening’ of economy through protection of environment, and validity of government's decisions. In his 2020 state-of-the-nation address, the Head of State also urged to reduce the state apparatus and personnel of the quasi-public sector by 25% in the coming years. A brand-new program solely dedicated to the development of the domestic agro-industrial sector is set to be mapped out, according to the President. Moreover, Kassym-Jomart Tokayev called on developing the Social Code of the Republic of Kazakhstan and digitalize social payments. In his address, the President also focused on the problems of education in Kazakhstan pointing out the need to introduce the concept of lifelong learning. Given that we live in the epoch of natural and manmade disasters, Kazakhstan will re-establish the Ministry of Emergency Situations, the Head of State noted. Kazakhstan, in his words, will also launch the Agency for Strategic Planning and Reforms that will report directly to the President. Tokayev reminded that the country had an analogue of the agency in the past and it had proved its effectiveness. Among other things, the Head of State also instructed to develop a package of proposals on 'green growth’ that will embrace ecological upbringing for Kazakhstani youngsters as well as development of domestic ecological tourist. In his address, President Tokayev expressed concern over the demographic situation nationwide, claiming every sixth family in the country can’t have children. In this vein, the Head of State urged to increase the number of quotas under the extracorporal fertilization program sevenfold, that is up to 7,000 quotas. A new law on the protection of animals will see the light in Kazakhstan soon based on the instruction given by President Tokayev in his address. Tokayev charged the Government together with the civil sector to map out the bill on protection of animals. President Tokayev also suggested abolishing the institute of executive secretaries and carry on the reform of the quasi-public sector. Finally, the Head of State gave an instruction to earmark 150 billion tenge that will be paid to healthcare workers in the second half of 2020 in order to support them amid the crisis caused by the coronavirus pandemic.


    #ECONOMY
    #KAZAKHSTAN
    #POLITICS
    #TOKAYEV

    02.09.2020 13:31





Latest news

    Georgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake

    12.Oct.2026

    Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests

    12.Oct.2026

    Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line

    11.Oct.2026

    Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues

    10.Oct.2026

    Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS

    10.Oct.2026

    Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust

    10.Oct.2026

    Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation

    10.Oct.2026

    Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter

    09.Oct.2026

    Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge

    08.Oct.2026

    Romania Scrambles Spanish F-18s After Aerial Targets Detected Near Ukrainian Border

    07.Oct.2026

    Berlin Deepens Defence Partnership with Kyiv: Germany to Provide Ukraine with €1 Billion in Military Aid

    07.Oct.2026

    European Parliament Against Georgian Dream: EU Prepares New Response to Tbilisi

    06.Oct.2026

    Bulgarian Foreign Minister to Discuss European Security and International Law in the Netherlands

    05.Oct.2026

    Rheinmetall in Bulgaria: Sofia Emerges as a New NATO Defence-Industrial Hub in the Balkans

    05.Oct.2026

    The Cost of a Long War: Moscow Expands Spending Plans Through 2029

    05.Oct.2026

All news