Knowledge-based economy

Strategic Plan until 2025 aimed at achieving sustainable economic growth

The Strategic Plan until 2025 is aimed at achieving a qualitative and sustainable growth of the economy, leading to an improvement in the quality of people's lives, at the level of the OECD countries. It was reported by Deputy Minister of National Economy Madina Abylkasymova during the meeting on clarification of the main provisions of the project in Kokshetau.
Astana city 13 October, 11:57

The Vice-Minister noted that the emphasis is put on increasing the competitiveness of business and human capital, technological modernization, and improving the institutional environment. In the Strategic Plan until 2025, special attention is paid to reducing the negative impact on the environment.

"The Plan is not drawn up by the Government for the Government. It reflects the tasks and initiatives, which provide for the active role of private business, companies, entrepreneurs, the population. Only in the partnership of the State, business and citizens, it is possible to build a competitive country of the future", M. Abylkasymova said.

The Strategic Plan is built around the seven most important systemic reforms that should occur in the economy and social life of the country until 2025.

Thus, "Technological renewal and digitalization" is aimed at increasing labor productivity through technological renewal and digitalization of industries. Within the framework of the reform "Skills and competences for the new economy" it is envisaged to ensure the current and future needs of the economy in personnel by improving the quality of training, reorienting the education system to lifelong learning and managing the processes of efficient allocation of labor resources between industries and regions. "Competition and competitive business" provides for the activation of the private sector by creating conditions for the growth of private business and entrepreneurship, reducing the role of the State in the economy, improving the quality of products and operating efficiency of enterprises, and developing export potential.

According to the Ministry of National Economy of Kazakhstan, to reduce the share of state property to the level of countries of the OECD, up to 15% of GDP will be reviewed the approach to the privatization program, simplified procedures, set clear principles for selecting companies and expanded the possible ways of transferring assets to a competitive environment. In order to involve private businesses in the use of PPP tools, work is planned to simplify the PPP procedure, as well as to expand the tools and use private investment.

Within the framework of the reform "A lawful state without corruption", it is considered to provide conditions for observing the law, preventing corruption and forming a legal culture in the State.

The reform "Strong Regions and Urbanization" aims to increase the autonomy of regions and responsibility and provide a basic standard of living for the population in all regions. An important incentive for the development of the regions will be competition between them based on the ranking of regions on the ease of doing business.

The Vice-Minister also noted that competition should not become a reason for the isolation of regions, but, on the contrary, it should strengthen inter-regional cooperation in searching for opportunities and optimizing resources, creating single economic markets with economic activity centers in the hub cities Astana, Almaty, Shymkent, Aktobe , Ust-Kamenogorsk. Special attention will be paid to the development of medium-sized cities as centers of economic development of the country. To this end, measures will be taken to develop the social infrastructure and services in the medium-sized cities, to create conditions for the growth of private entrepreneurship to improve the quality of life and employment.

The matters of the formation of a united nation of competitive, pragmatic people responsible for their future are considered in the reform "Modernization of public conscience."

In addition, the matter of increasing the role of central and local government bodies and organizations as a source of change in the country within the framework of the reform "Public sector as a leader of change" is being considered.

At the same time, the Strategic Plan until 2025 covers 7 priority directions for the implementation of the Strategy “Kazakhstan 2050”. These are policies that the Government is already implementing and will continue to implement to achieve the goals of 2050. These include: stimulating macroeconomic policies; policies aimed at the intensive development of economic sectors; the policy of forming a developed financial market; a policy of actively attracting private investment; the policy of ensuring a high quality of life; policies in the field of green economy and environmental protection; proactive foreign economic policy.

"As a result of the implementation of the above-mentioned reforms, the growth of the economy should be at the level of at least 4.5-5.0% of GDP on average per year, which will enable Kazakhstan to increase GDP per capita to 18,500 dollars in 2025. Economic activity of the private sector will significantly grow and the share of small and medium-sized businesses in GDP will increase to 35%", the Vice-Minister said.

At the end of her speech, the Vice-Minister expressed her confidence that the implementation of the Strategic Plan will allow the country to realize country's vision until 2050 and enter the league of the thirty most developed countries of the world.