BAKU, Azerbaijan, Jan. 24
By Nargiz Sadikhova - Trend:
Kazakhstan’s government will continue to work in seven strategic areas of development in 2020, Kazakhstan’s Prime Minister Askar Mamin said, Trend reports with reference to the press office of Kazakhstan’s prime minister.
These are: investments attraction, creating high productivity jobs, infrastructure development, export-oriented industrialization, fuel and energy and agro-industrial complexes establishment, and economy digitalization.
Kazakh government has identified over 2,000 projects worth 44 trillion tenge ($116.4 billion). Labor productivity is to be increased to 8.2 million tenge ($21,701) per person in 2020 compared to 7.4 million tenge ($19,583) per person in 2019.
“Government’s key goal for 2020 is to ensure economic growth at the level of 4.7-5 percent,” Mamin said.
He noted that Government was tasked to create 430,000 new jobs in 2020, as well to bring investments in fixed assets to 20 percent of GDP, increase non-oil exports to $18.6 billion (by $3 billion), and increase real household income by 6 percent, bring the share of small and medium business in the economy to 30 percent.
“Government’s main priority is the transformation of economic growth into actual improvement of living standard of Kazakhs,” Mamin concluded.
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