Life in Rural Kyrgyzstan
Kazakhstan|economy|November 6, 2019 / 12:20 PM
421 billion tenge to be allocated for support of business in Kazakhstan

AKIPRESS.COM - Since 2015, 282 billion tenge has been allocated for the implementation of the Business Road Map 2020 State Program in Kazakhstan; within the framework of the new Business Road Map-2025, one and a half times more funds have been allocated – 421 billion tenge, the Prime Minister's press service reports.

Askar Mamin during the government session emphasized that the Business Road Map 2020 State Program has proved its effectiveness.

Since 2010, as a result of its implementation, more than 342 thousand jobs were saved and over 94 thousand new jobs were created, according to him.

The share of small and medium-sized businesses in the country's GDP increased from 24.9% in 2015 to 28.4% in 2018. The volume of output of SMEs increased by 10 trillion tenge from 13.3 to 23.4 trillion tenge. The number of entities increased by more than 300 thousand from 900 thousand to 1.3 million. This year, Kazakhstan has risen from 28th to 25th place in the World Bank's Doing Business rating of ease of doing business.

The size of the state grant will be increased from 3 million to 5 million tenge, working capital lending – from 60 to 180/360 million tenge. Microfinance organizations will be included in the program as participants, along with second-tier banks.

The PM instructed the Ministry of National Economy of Kazakhstan by the end of November of this year to ensure the adoption of the Business Roadmap-2025, by the end of 2019 to ensure the adoption of the necessary regulatory legal acts, together with Atameken  NCE and JSC Damu to conduct information- explanatory work among entrepreneurs about the approaches and opportunities of the new Program.

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