Economics

Upward trend in indicators demonstrates recovery of Kazakhstan economy – Mamin

Photo: primeminister.kz
At the Government meeting chaired by Prime Minister Askar Mamin, the results of the country's socio-economic development and the execution of the republican budget for January-September 2020 were considered, Kazpravda.kz reports with reference to the press service of the Prime Minister of the Republic of Kazakhstan.

Minister of National Economy R. Dalenov, Chairman of the National Bank Ye. Dosayev, Minister of Finance E. Zhamaubayev reported on the state of the economy, banking sector, execution of the republican budget, local content in public procurement, the ministers of industry and infrastructure development B. Atamkulov and energy - N. Nogayev reported on the situation in industry and energy sector, in the agro-industrial complex - Minister of Agriculture S. Omarov.

Thanks to the measures taken in the basic sectors of the economy following the results of nine months of this year, a positive growth trend remains. In the manufacturing industry, growth was ensured by 3.3%, in pharmaceuticals - by 39.8%, the production of finished metal products - by 18.9%, mechanical engineering - by 16.6%, including the automotive industry - by 51.6%. %, as well as paper products - by 15.1% and light industry - by 14.1%.

Construction volumes increased by 10.5%, housing commissioning - by 9%, or about 9.6 million m2. In agriculture, a steady growth of 5% was ensured, a good harvest was collected. The gold and foreign exchange reserves of the Republic of Kazakhstan and the assets of the National Fund as of September 1 of this year increased to $ 94.1 billion.

Positive dynamics continues in such important areas of the mining sector as the extraction of metal ores (+ 1.2%) and other minerals (+ 0.4%). At the same time, in the context of the need to fulfill the agreements reached by OPEC +, a decrease in oil production is observed (-3.5%).

In September, an active revival of the service sector began - in comparison with August, trade grew by 2.7%, communications - by 1.3%, transport and warehousing - by 1.2%.

Akmola, Almaty, Zhambyl, Kostanay, Pavlodar, North Kazakhstan regions and Shymkent provided the growth of socio-economic development in 5 out of 7 key indicators. Positive dynamics in 4 indicators was achieved in Aktobe, Karaganda, Mangistau, Turkestan, East Kazakhstan regions, Nur-Sultan and Almaty. Due to a decrease in production in the oil and gas sector, the Kyzylorda, Atyrau and West Kazakhstan regions are among the lagging regions.

"In general, the economy of Kazakhstan, despite the serious impact of the pandemic and the global economic crisis, demonstrates an increase in indicators both in the real sector and in the service sector," A. Mamin said.

The Head of Government instructed the regional akims to intensify work to ensure the effective implementation of all tasks set by the Head of State.

Author:
Ekaterina Eliseyeva
10:51, 13 October 2020
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