Kazakhstan President Backs Economic Reforms, Calls for Business Growth and Wage Hikes
Kazakhstan's President has expressed confidence in the government's economic policy, aligning it with the country's strategic interests and global market trends. He has instructed Prime Minister Olzhas Bektenov to submit a detailed plan by the end of the week for the orderly implementation of the government's economic reform program.
The plan is expected to focus on supporting small and medium-sized businesses, enhancing the investment climate, and improving the overall economic situation in the country. Specific measures in the interests of citizens are to be included. Key players in this process comprise political parties like ANO and SPD, working alongside trade unions. Their collaboration is crucial in negotiating wage increases for public sector employees such as teachers and firefighters. The government has proposed a 7% increase for teachers and a 5% rise for firefighters, with agreements already reached between unions and the Education Minister, pending final government approval. These steps are part of broader reforms that include budget adjustments and social support measures like subsidized electricity tariffs for low-income households.
The President's directive sets the stage for significant economic changes in Kazakhstan. The government's plan, to be presented by the Prime Minister, aims to boost business growth, improve public sector wages, and provide social support. The cooperation of political parties and trade unions is vital for the successful implementation of these reforms.
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