Kazakhstan's state budget replenished by 14.9 trln tenge in 9M 2024
ASTANA. Oct 17 (Interfax) - Kazakh Prime Minister Olzhas Bektenov has briefed Kazakh President Kassym-Jomart Tokayev on the indicators of socio-economic development in Q3 2024, the Kazakh presidential press service said.
In particular, 14.9 trillion tenge was channeled to the state budget, Bektenov said. "Social obligations remain a priority in the structure of expenditures," the statement said.
Additionally, the commission on the return of illegally acquired assets endorsed agreements on the return of assets worth about 450 billion tenge since the beginning of the year, Bektenov said. To date, assets worth 265 billion tenge have been forfeited to the state, including 177 billion tenge in monetary terms.
"All returned funds are being channeled for socially important purposes. Subjects of the law on the return of illegally acquired assets to the state have started implementing a number of projects, in particular financing of the rehabilitation and socialization programs for needy individuals, and the construction of a cultural and educational center and a sports arena," it said.
Bektenov also told Tokayev that the GDP growth for the reporting period reached 4% thanks to developing the non-resource sector. Agriculture (11.4%), construction (10.1%), transport (8%), communications (6.4%), trade (6.3%) and manufacturing (4.8%) are seeing the highest growth. The increase in the output in the processing industry was recorded in 14 Kazakh regions.
The foreign trade reached $91.7 billion in January-August this year, with the exports soaring 3.3%. The trade surplus surged 34.8% to $15.4 billion.
Tokayev noted the need to step up the government's work to ensure sustainable growth of Kazakhstan's economy through diversification, supporting small- and medium-sized businesses, developing innovations in the agricultural sector and implementing major industrial and infrastructure projects.
The official exchange rate is 488.93 tenge/$1 as of October 17.
