The Economic Development Council was established last year under the auspices of the Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan (KazISS). Meetings at this venue are chaired by the Governor of the National Bank of Kazakhstan, Timur Suleimenov. The topic of the third meeting was the optimization and improvement of the efficiency of public finances to ensure the dynamic development of our country.
eGov's Witnesses Financial analyst Andrey Chebotarev considers digitalization projects to have transformed our lives. "Digitalization in terms of eGov has allowed companies to remotely open accounts, provide services, spawned a number of startups such as Kaspi and Freedom, developed online brokerage, online banking. These are actually cool products.
The other day, the president signed a decree "On measures to liberalize the economy." About which norms are the most important and what are the risks of non-compliance with the decree, in an interview with inbusiness.Askar Kysykov, Director of the Talap Center for Applied Research, told kz.
About this in an interview with inbusiness.Oscar Kysykov, Director of the Tales Center for Applied Research, told kz.
It will only get worse, economists and financiers predict. Next year, Kazakhstan will face an acute phase of the crisis, which will peak by 2030. And the 100 billion tenge that the government intends to accumulate in the National Fund by this time will not save us.
The expert offered his vision of solving the issue
The presentation presents the main factors of monetary policy inefficiency and high inflation. This includes a pro-inflationary exchange rate policy, a non-functioning interest rate channel, as well as proposals to improve the situation, in particular, the transition to a comprehensive anti-inflationary policy that takes into account all inflation factors and provides for joint targeting of inflation, smoothing exchange rate fluctuations and economic growth.
