(MENAFN- AzerNews) Kazakhstan needs to meet an annual threshold of sustainable
economic growth equaling 4 percent, Kassym-Jomart Tokayev, the
President of Kazakhstan, said.
The statement was made during the President's address to the
lower house of the Parliament.
The head of state added that it is vital to ensure that
Kazakhstan becomes a critical regional hub.
“We have completed a significant volume of work to ensure the
de-monopolization and creation of a competitive economy. However,
we must not stop there,” Tokayev noted.
He added that the government needs to systematically address
this issue, which will improve the maturity of Kazakh institutions.
According to the president, this will make the domestic economy
more resistant to external and internal shocks.
Earlier, President Tokayev said that Kazakhstan needs to
decrease the economy by half in 2023, in addition to containing
food production price growth.
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