Baku, Azerbaijan, September 10
By Nargiz Sadikhova - Trend:
Kazakhstan’s GDP growth amounted to 4.3 percent during January-August of 2019, compared to the corresponding period of 2018, Trend reports with reference to the press office of prime minister of Kazakhstan.
This became known during the Government session chaired by Prime Minister of Kazakhstan Askar Mamin.
Positive dynamics is observed in construction by 11.8 percent, trade by 7.6 percent, transport by 5.5 percent, agriculture by 3.6 percent, communication services by 3.4 percent, the manufacturing sector, including in engineering by 18 percent, light industry by 17.4 percent, non-ferrous metal mining by 17.9 percent, oil refining by 6.2 percent.
For the third month in a row, inflation has remained low at 0.2 percent. Annual inflation is within the target corridor and amounted to 5.5 percent.
Mamin noted the growth of the economy in terms of basic indicators in Atyrau, Karaganda, Kyzylorda, Turkistan, East Kazakhstan and North Kazakhstan regions.
Mamin also instructed to rectify the situation as soon as possible with a decrease in indicators for construction, investment, industry, agriculture and housing commissioning in Mangystau, Kyzylorda, West Kazakhstan regions, and the cities of Nur-Sultan and Shymkent.
“The main task for the Government is to ensure annual sustainable GDP growth and bring it to five percent and higher by 2025,” said Mamin, instructing the line ministries to strengthen work to achieve the established target indicators.
Revenues to the republican budget during first eight months of this year amounted to 6.958 trillion tenge (101.1 percent of the plan), the growth rate was 119.2 percent. The development of the republican budget for the reporting period amounted to 98.9 percent.
In connection with the incomplete budget execution observed by a number of program administrators, Mamin instructed to ensure timely implementation of budget funds.
(1 USD = 386.51 KZT on September 10)
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