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Kazakhstan decides on main directions of social and economic policy in 2011-2015

Business Materials 10 May 2011 12:38 (UTC +04:00)
Kazakh Economic Development Ministry has developed the main primary directions for the social and economic policy in 2011-2015, Economic Development and Trade Minister Kairat Kelimbetov said in Astana on Tuesday.

Kazakhstan, Astana, May 10 / Trend A. Maratov /
Kazakh Economic Development Ministry has developed the main primary directions for the social and economic policy in 2011-2015, Economic Development and Trade Minister Kairat Kelimbetov said in Astana on Tuesday.

"The head of state charged the government with brining the country into line with the group of high income countries, increasing the amount of per capita GDP in 2015 to $15,000. In this regard, it is necessary to ensure an annual growth rate at 7 percent in the medium term," Kelimbetov said presenting a document on the main directions of the social and economic policy for 2011-2015 at a regular governmental meeting today.
He said that this document has been developed based on the global situation, implying growth of the world economy in 2011 by 4.4 percent, in 2012 by 4.5 percent, in 2013-2015 by an average of 4 percent per year. World prices for Brent oil are to be $80 in 2011 and $70 in 2012-2015.
"If surveying the largest industry, the figures are as follows. The volume of gross agricultural output in 2011-2015 should grow by an average of 4-5 percent per year. The growth rate of industrial production in general is defined as increasing from 6 percent this year to 9.1 percent in 2015," Kelimbetov said.
He said production growth rate in processing industry (on average more than 10 percent per year) should exceed growth in the mining sector. Growth in the construction sphere is defined at 2.5 percent in 2011, 3.1 percent in 2012; an increase in the volume of trade is estimated at 12 percent this year and 8-10 percent in 2012-2015. An increase in industrial production within the target parameters will contribute to the growth of transport services by 7-8 percent annually. Information and communication services as a whole should grow by 7-9 percent per year.
"Given such dynamics in the development of the real sector and service sphere, real GDP growth in 2011 is estimated at 7 percent, in 2012 at 6.9 percent, 6.5 percent in 2013, in 2014 - 7.1 percent and in 2015 - 7.4 percent, which provides an average economic growth of 7 percent per year in 2011-2015," he stressed.

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