Main increase of investments directed in agriculture in 2017 - MNE RK

11 January, 2018 12:43

In 2017, the volume of investments in fixed assets was 5.5%. In general, the main growth in investments was directed to agriculture, where growth was 29.3%. It was stated by Minister of National Economy, Timur Suleimenov, during the meeting of the Government.

"Owing to the growing positive expectations of business and a stable macro environment, the investment climate has improved. In 2017, the volume of investments in fixed assets increased by 5.5%. The main growth in investments was directed to agriculture, where growth was 29.3%, trade - 21.8%, construction - 11.8%, communications - 9.5% and industry - 3.8%", the Minister said.

According to Timur Suleimenov, the main source of financing for investments were own funds of enterprises, where the growth was 23.1%.

In general, for 9 months of 2017, Kazakhstan attracted more than 15.7 billion dollars of gross foreign direct investment, which is 5.3% more than the same period in 2016.

"Foreign direct investment from the EAEU countries increased by 40.8% (to $ 935.1 million, or 5.9% of the total). This is an indicator that we are creating comfortable conditions for business throughout the entire EAEU", the Head of the Ministry noted.

We note, according to Minister of Finance, Bakhyt Sultanov, last year the state budget revenues were executed by 102.2% or 7 trillion 153 billion tenge was collected. In turn, the fulfillment of the republican budget expenditures was a record high - 99.8% or 11 trillion 156 billion tenge.

Akbota Kuzekbay

Photo from BNews.kz

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