PM signals slowdown in Kazakhstan’s economic growth in June


At a meeting of the Government, the Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev expressed concern about the achievement of the planned indicators of economic growth, because, as compared to the beginning of the year, the country's economic growth slowed down in a number of key spheres. 

"We reached 1.4% in the first half of the year, but if we talk about the sphere of industry, then, in comparison with Jan-May, there is a reduction by 5.2% Among them are: oil refining, natural gas, metals, food, beverages, chemical industry, pharmaceuticals, ferrous and non-ferrous metals, electricity, and water supply," Bakytzhan Sagintayev said. 

According to the PM, such data is a “wake-up call” for achieving the planned indicators on economic growth. 

"If we go further in this direction, then we will not be able to achieve the planned results, including the productivity index. In general, if we compare June and May, then the indicators in all regions are decreasing, it is necessary to pay special attention to this," the PM noted.

In addition, the work on construction of hostels for students is also unsatisfactory. 

"This is the task of the Head of State within five social initiatives. Eight regions are implementing this task: Akmola, Almaty, Atyrau, Karaganda, West Kazakhstan, East Kazakhstan regions and Astana and Almaty. No other hostel is being built in other regions. None square meter has been put into operation," Bakytzhan Sagintayev addressed the governors.

By Rustam Mukhametkaliev for the Kazakhstanskaya Pravda.