Kazakhstan To Reform Public Sector And Take Step Back From Economic Limelight
The President of Kazakhstan highlighted that the pervasive
reliance on commercial modalities to address non-commercial
objectives is exacerbating cost escalations nationwide, leading to
a proliferation of corporate entities and a diminishing emphasis on
tangible outcomes.
"I mandate the Agency for Strategic Planning and Reforms, in
conjunction with the Government, to formulate actionable proposals
for the transformation of the public sector, and if deemed
requisite, I stand prepared to promulgate the appropriate decree,"
Tokayev articulated.
The President of Kazakhstan drove home the necessity for a
legislative overhaul concerning state property, emphasizing the
imperative to delineate the parameters of state engagement within
the economic framework and establish the acceptable legal
stipulations for governance.
“For many years, the task of reducing the role of the state in the economy has remained on the agenda. State organizations and companies continue to multiply without justification, hindering the full development of private enterprises. The country already has almost 25,000 organizations with state participation. The functions and structure of most of them cannot withstand any criticism and are even illogical,” added Tokayev.
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