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.
For the past few days, pension payments from a single accumulative pension fund in Kazakhstan will be able to determine from the bottom line. As the head of the government noted, in the address of the Senators, studying the social significance of the issue, as well as the international practice on visits and visits, it is proposed to resolve the IPN pension issue from the ENPF.
Our guest is Okhonov Farhad Rashidovich, Chairman of the Board of Halyk Finance. The accumulative element of the pension system is the object of constant public criticism. One of the problems is the low investment profitability. During the period of the UAPF's existence (2013-2023), the accumulated investment yield amounted to 139.2% with accumulated official inflation of 153.8%. At the same time, during this time, the tenge exchange rate weakened by 202%.
In today's issue, experts will talk about youth housing, both rent-free and foreclosed, as well as various mortgage programs. What are the conditions of these programs? How accessible are they for young people who are just starting their career and, accordingly, earn much less than their older colleagues who have professional experience and extensive work experience? For more information, see the new issue of the Results program.
In recent years, Kazakhstan's economy has been shaken not only by global shocks but also by internal structural problems. The expert community has brought to the fore questions about the efficiency of public finance management and the need to adapt to new economic realities. Whether Kazakhstan faces a public finance crisis was discussed by experts at a round table organized by the TALAP Center for Applied Research.
Kazakhstanis are going to be obliged to take consent from their spouse when receiving loans. How will this affect the banking sector and each of the citizens of the republic? For more information, see the Results program
