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A possible increase in VAT in Kazakhstan from 12% to 20% will lead to higher prices, lower real incomes and higher inflation. This forecast was made by Askar Kysykov, director of the Talap Center for Applied Research, on the Rossiya 24 TV channel. The Government of Kazakhstan is discussing tax reform in order to solve the problem of the state budget deficit. The reform involves an increase in VAT from 12% to 20%.
An expanded government meeting was held today with the participation of President Kassym-Jomart Tokayev. Opening the meeting, Kassym-Jomart Tokayev noted that global processes can have a strong impact on the republic, which must be prepared for. At the same time, at the meeting, the Head of State emphasized that it is necessary to start living within your means, spending money only on solving the most important tasks. For more information, see the talk show "Results".
In three years, we have become a little less afraid of our neighbors, but we still do not trust them.
China is one of the key countries that seriously affects the economic, geopolitical and cultural space of Kazakhstan. However, despite the active cooperation, the perception of China in society remains ambiguous - Kazakhstanis do not hide their fears that they will eventually become economically dependent. At the same time, the volume of Chinese investments continues to grow, reports Ulysmedia.kz .
The target of study will be the growth of the index of China in Kazakhstan in 2024, analysis of its dynamics in 2020.
This is the first paper in the Kazakhstan Economic Radar, Q2 2026 series. It explains how the radar is constructed and how it can be used.
This is the second paper in the Kazakhstan Economic Radar, Q2 2026 series. It presents the issues being discussed by the country's economic experts.
This is the third paper in the Kazakhstan Economic Radar, Q2 2026 series. It presents the Institutional Radar, based on an analysis of government economic policy.