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%.
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.
At the end of last year, the dollar exchange rate in the exchangers of Kazakhstan exceeded 530 tenge.
Chinese marketplaces are killing Kazakhstan's SMEs-publications with such headlines have periodically appeared in local media over the past year. In Russian, by the way, too. What is behind the information attacks on Chinese platforms, with what results does e-commerce end the year in the country, and what problems should actually be solved? Read about this in today's TAJ.report analysis.
A working version of the research report “The Carbon Farming Industry in Kazakhstan: Unlocking Opportunities”, prepared jointly with the International Center for Competition Law and Policy of the BRICS at the Higher School of Economics and the International Institute for Applied Systems Analysis (IIASA).
On August 29, 2023, the TALAP Center for Applied Research Public Foundation presented the research "Business Climate of the New Time" at the forum "Stagnation or the New 90s" in Astana: how will SMEs develop?"
For over three decades, China has amazed the world with the rapid pace of its economic growth. In the 70s, the Chinese economy was more agrarian and based on a command-administrative system, but as a result of consecutive market reforms, the economic landscape of the Celestial Empire has dramatically transformed.
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.
The issue of China's growing influence in Kazakhstan becomes increasingly relevant each year. The PRC is one of Kazakhstan's key foreign economic partners. There is a strategic necessity for a systematic and comprehensive study of China. Alongside this, there is a need for strengthening and creating new platforms and mechanisms for interaction between the expert community, business structures, government apparatus, and universities in this research direction.
