Kazakhstan presents plan on development until 2025| MENAFN.COM

Monday, 05 December 2022 03:58 GMT

Kazakhstan presents plan on development until 2025


(MENAFN- Trend News Agency ) Baku, Azerbaijan, Nov. 28

By Ali Mustafayev – Trend

The Kazakh Government has submitted a strategic plan for development of Kazakhstan until 2025. The plan describes how the life of citizens of the country is expected to change in the next 7 years. The project was presented by Minister of National Economy Timur Suleimenov and published by the Ministry of Economy of Kazakhstan.

Under the strategic plan, the GDP per capita should grow to $46,000, life expectancy should increase from 72 to 75 years, and the GRP (Gross Regional Product) gap between the regions will decrease from 3.2 times to 2.7 times.

By 2025, the exports of non-primary goods and services should increase from 44.6 percent to 50 percent, and the share of small and medium businesses in GDP should grow from 26.8 percent to 35 percent.

It is planned to ensure the growth of the national currency loan portfolio from 18 percent to 50 percent of GDP.

It is also expected that government agencies will be more client-oriented, the banking sector more stable, and the judicial sector less corrupted. The state's share in the economy will decrease, the barriers for small and medium businesses will decline and the use of new technologies will increase.

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