Kazakh Senate to increase funding of social sector

The amount of funds allocated from the national treasury to the social sector will increase and will account for almost half of all expenditures. The Senate of the Kazakh Parliament approved amendments to the budget law until 2023. The document also provides for an increase in doctors’ salaries, scholarships for students and grants for university applicants. Additional funding will also be provided to combat COVID-19 and the pandemic effects. In particular, the supply of medicines and medical products will be increased. In addition, funds will be allocated to provide medical facilities with medical equipment. The money will also be allocated for infrastructure projects and modernization of villages.

“The funding of the project ‘Auyl - Yel Besigi’ will be significantly increased. 106 billion tenge (US$247.6 million) will be allocated for its implementation. With these funds, it is planned to create additional jobs, as well as build and renovate more than 1,000 social and engineering infrastructure facilities. 127 infrastructure projects will be implemented through additional financing of the employment roadmap. Loans will also be granted for more than 5,000 business projects. We hope that the revised budget will have a positive impact on the country’s economic development and the improvement of the social sector,” said Maulen Ashimbayev, Chairperson of Senate, the Upper House of Kazakh Parliament.

Translation by Assem Zhanmukhanova

Editing by Galiya Khassenkhanova