On January 22nd Kazakh president Kassym-Jomart Tokayev received the country’s prime minister Alikhan Smailov, who reported on Kazakhstan’s economic results for 2023, the presidential press office reported.
In 2023 the country’s economic growth was 5.1%. Investments in fixed capital increased by 13.7%, to $39.5 billion, while over the first nine months of 2023 $19.7 billion of foreign direct investment was attracted. The number of people employed in small and medium-sized businesses increased by 14% (by 500,000) to 4.3 million people. Inflation was reduced twofold, down to 9.8%.
Kazakhstan’s foreign trade turnover last year increased by 2.2% and amounted to $126 billion, with exports exceeding imports by $16 billion.
Tokayev was informed that the government fulfilled all its social obligations. Pensions were indexed by 10.5%, and by another 9% since the beginning of this year. Payments to persons with disabilities increased by 23%.
The prime minister reported on the implementation of the Unified Pool of Investment Projects. Last year, 298 projects were launched. In 2024 it is planned to implement another 326 projects, including 180 projects in the manufacturing industry, creating 15,000 new jobs.
