Private investments in Kazakhstan’s Akmola region increase significantly

Business Materials 22 February 2019 12:47 (UTC +04:00)

Baku, Azerbaijan, Feb. 22

By Rashid Shirinov – Trend:

Private investments in Kazakhstan’s Akmola region increased by 126 percent in 2018, Trend reports via Kazakh media.

"Total investments in the economy, taking into account the budget funds, amounted to 270 billion tenge," Governor of the region Malik Murzalin said at a reporting meeting with the population.

He noted that a positive trend was achieved in 2018 in the main directions of socio-economic development of the Akmola region.

"Thanks to the 1.7-time growth of the development budget over the past two years, spending on the development of the social sphere, housing and public utilities and road infrastructure has increased significantly in the region," said Murzalin.

The head of the region also noted the growth of tax revenues and other payments to the local budget, which made up 113 percent. The local budget received a total of 69.3 billion tenge.

"Extra revenues allowed to increase the financing of socially significant programs and projects," the governor said.

(375.95 KZT = 1 USD on Feb. 22)


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