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In the first quarter of 2021, basic sectors of Kazakhstan’s economy showed steady growth

Monday, 12 April 2021, 11:08:52

At the government session chaired by the Prime Minister of the Republic of Kazakhstan Askar Mamin, the results of the country's socio-economic development and the execution of the republican budget for January-March of 2021 were considered.

Minister of National Economy Aset Irgaliyev, Chair of the National Bank Erbolat Dossaev, Minister of Finance Yerulan Zhamaubayev reported on the state of the economy, banking sector, execution of the republican budget, local content in public procurement, Minister of Industry and Infrastructure Development Beibut Atamkulov and Minister of Energy Nurlan Nogayev spoke on the development of industry and energy sectors, Minister of Agriculture Saparkhan Omarov told about the agro-industrial complex, Minister of Trade and Integration Bakhyt Sultanov reported on the prices for socially significant food products, Akims of East Kazakhstan region Danial Akhmetov, Karaganda region — Zhenis Kassymbek, West Kazakhstan region — Gali Iskaliyev, Mangystau region — Serikbay Trumov reported on the development of regions.

According to the results of the first quarter of 2021, positive and stable dynamics was noted in the real sector of the economy of the Republic of Kazakhstan. Growth was noted in the manufacturing industry (+7.5%), construction (+13.1%) and agriculture (+2.8%).

Positive growth rates are observed in mechanical engineering (+21.8%), incl. automotive industry (+20.7%); pharmaceuticals (+9.1%); chemical industry (+14.2%); metallurgy (+2.3%), including the production of non-ferrous metals (+3.4%); light industry (+3.1%), incl. production of clothing (+25.8%), as well as in the production of food (+3.3%).

The Prime Minister noted that the 15th OPEC+ ministerial meeting was held on April 1, 2021, at which separate conditions for Kazakhstan were agreed, providing for an increase in daily oil production by an additional 6 thousand barrels per day. Against this background, according to the results of the year, positive dynamics will be ensured in the oil industry.

In the fuel and energy sector, growth was noted in electricity production (+4.4%) and coal mining (+1%).

The growth of investments in fixed assets, excluding mining, was 34%.

The service sector continues to be under pressure from restrictive measures, which hinders its development. At the same time, high growth rates were noted in the information and communications industry (+9.9%).

“In general, we see a trend of gradual improvement in indicators in the basic sectors of the economy. In order to create additional conditions for increasing economic activity, the government will continue work on the implementation of comprehensive measures to support business,” Mamin said.

According to the results of the first quarter of this year. Almaty and East Kazakhstan regions ensured the growth of socio-economic development in 6 out of 7 main indicators, Akmola, Aktobe, Zhambyl, Karaganda, Kostanay regions and the city of Shymkent — in 5 indicators. Positive dynamics in 4 indicators was achieved in Atyrau, Kyzylorda, Pavlodar, Turkistan, North Kazakhstan regions, as well as in the cities of Nur-Sultan and Almaty.

The Prime Minister instructed to issue a severe reprimand to the responsible deputy akims of the Atyrau and Zhambyl regions for admitting an unjustified rise in prices for socially significant food products.

“In general, the economy of Kazakhstan, despite the serious impact of the global economic crisis, demonstrates a gradual recovery of key indicators,” Mamin said.

The Head of Government instructed the regional akims and heads of state bodies to ensure the achievement of planned indicators of socio-economic development and the effective implementation of the tasks set by the Head of State Kassym-Jomart Tokayev.

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