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.
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 target of study will be the growth of the index of China in Kazakhstan in 2024, analysis of its dynamics in 2020.
