The head of state announced this at an extended government meeting. According to him, the primary issues emerging are related to tariff conflicts and sanction-related confrontations, which have become the new reality of the global economy.
"These trends are fraught with severe consequences."Qasym-Zhomart Toqaev
Furthermore, the president specified that the climate agenda will undergo significant changes, leading to a revision of approaches to the development of green energy.
"On one hand, this will support the demand for traditional energy resources. On the other hand, it will lead to destabilization of prices for oil, gas, and coal."Qasym-Zhomart Toqaev
In addition, a shift towards the widespread use of cryptocurrencies and other digital assets has been observed in the financial sector.
The president noted that the development of artificial intelligence is becoming a fundamental factor.
In this area, he stated, competition among leading technological powers is intensifying:
"In such conditions, we need to have a clear strategy of actions aimed at overcoming the serious challenges of a new era."
Qasym-Zhomart Toqaev further noted that he has already discussed specific areas of reform and approaches to their implementation.
"The government will have to make difficult decisions and, most importantly, implement them to prevent economic stagnation and ensure sustainable development. This task is within the capabilities of public servants who possess high qualifications and are ready to take on responsibility."Qasym-Zhomart Toqaev
The global experience, as Toqaev clarified, shows that the effectiveness of the government apparatus often manifests in such challenging situations.
"No matter how difficult it may be, the government must ensure total savings of funds and their expenditure solely on addressing the most pressing issues. It is time to tighten our belts and live within our means."Qasym-Zhomart Toqaev
It should be noted that an extended meeting with the participation of the president is currently taking place in Astana. Today's meeting will summarize the results of the country's socio-economic development for 2024 and outline key tasks for the near future.
Toqaev has also commented on the work of the National Bank. "The previous positions that we are independent and self-sufficient no longer hold, as the situation is unusual," he concluded.