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.
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.
The state is still involved in the economy In May of this year, the Presidential Decree "On measures to liberalize the economy" was issued. The document is aimed at ensuring freedom of entrepreneurship through the development of competition, reducing state participation in the economy and reducing business costs.
The President's message to the people of Kazakhstan, and with it the start of the next political season in the country. Certainly one of the important events of this week. For several days now, domestic experts have been actively discussing an important and strategic document. This time, in his Message, the Head of State pays great attention to Kazakhstani entrepreneurs. The President noted that the most favorable conditions for business development should appear in our republic.
How to approach the prudent use of public spending, How to learn to live within your means and not go into the National Fund every time? What priorities should be set when planning a budget? For more information, see the new issue of the Results program.
Government agencies will not fine, but will give small businesses the opportunity to correct the violations identified. This was reported by the Ministry of National Economy. Such measures will be taken, according to officials, as part of the execution of the President's message.
In early September, the President of Kazakhstan will again address the population with an annual message. On the eve of this event, I decided to talk to well-known economists about their expectations regarding the main political statement in the country.
We did not notice how we began to borrow from banks for almost everything. For a new phone, for a car and an apartment, for a wedding, for food, and even loans to cover other loans. And don't forget about payday loans, vacation loans, and loans again to close all these loans. As a result, today we owe trillions of tenge to banks. And this figure is not even growing every year, but from month to month.
Products and services are becoming more expensive in the country. But the revenues following the price increase do not keep up! Most Kazakhstanis are forced to take food and medicines on credit!
