The gap between income and expenditure of the domestic budget is growing. According to the most optimistic calculations of the government, this year the country's budget deficit will amount to more than 4 trillion tenge. What is the risk of this imbalance and what to do? We'll find out today. When state finances sing romances Expenditures of the local and national budgets in 2024 increased by 13.4%, eventually amounting to 34.7 trillion tenge.
The main factor of influence is the economic policy of the government What trends will determine the housing market in Kazakhstan this year, how will inflation, the dollar exchange rate and other factors affect the industry? Why don't we have mortgages at 2% per annum, as in Germany? And what needs to be done to ensure that as many citizens as possible have a roof over their heads? We are discussing with market experts and economists.
Tax reform will not solve the problem of Kazakhstan's state budget deficit, and comprehensive measures are needed to address this issue. This opinion was expressed by the director of the Talap Center for Applied Research, Askar Kysykov, on the Rossiya 24 TV channel. The Government of Kazakhstan is discussing tax reform, which implies an increase in VAT from 12% to 20%.
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 the final episode of the Finmentor Podcast on macroeconomics, our guest, Askar Kysykov, Director of the Talap Center for Applied Research, summed up the current economic challenges in Kazakhstan and discussed development prospects for 2025. Among the key topics:
The National Bank recently decided to keep the base rate at 15.25% per annum with a range of +/- 1 percentage point, Kazinform agency correspondent reports.
Kazakh economists told a correspondent of the Kazinform agency how the return of Donald Trump to the White House may affect the tenge exchange rate in the future.
