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The government must explain why the strict budget rules in place for two years are ineffective, according to Tokayev.

During an expanded government meeting on January 28, 2025, President Kassym-Jomart Tokayev addressed the reform of tax and budget policies.
Токаев требует от правительства объяснений, почему строгие бюджетные правила, действующие уже второй год, не приносят результатов.

The President reminded that an additional report on this topic was heard today.

"It is clear that to launch new productions, develop infrastructure, and digitize processes, it is necessary to attract investors' funds. On the other hand, the government will also increase its investments in the economy. Therefore, the government must allocate all resources according to clearly defined priorities. This is one of the main principles of budget discipline that the government and akims must adhere to. New, quite strict budget rules have been in place in the country for the second year. However, in reality, they are not functioning. The government itself should answer why this has happened."Kassym-Jomart Tokayev

According to him, the measures proposed by the government can replenish the budget without additional transfers from the National Fund.

"But precise calculations and accounting for all accompanying factors are necessary. Therefore, the task is to thoroughly develop new Budget and Tax Codes and adopt them within a short timeframe. The rational and fair distribution of state funds among budgets at all levels, down to rural districts, is of great importance."Kassym-Jomart Tokayev

He emphasized that when calculating general transfers, all existing disparities should be taken into account.

"Projects aimed at reducing the lag of specific regions from the national level should be funded from the republican budget as a priority. At the same time, the government must pay attention to the issues and needs of all regions to ensure that there is no slowdown in their development and deterioration of the socio-economic situation."Kassym-Jomart Tokayev

You can find the text broadcast of the extended government meeting chaired by the head of state here.