MNE RK presented the forecast for the country's socio-economic development for the next 5 years.

Deputy Minister of National Economy Azamat Amrin presented the socio-economic development forecast for the country for 2025-2029 and the draft law "On Guaranteed Transfers from the National Fund of the Republic of Kazakhstan for 2025-2027" in the Majilis.

As noted by A. Amrin, the forecast is based on a baseline scenario with an oil price of $75 per barrel and an exchange rate of 470 tenge per dollar.

"Real GDP growth in 2025 is projected to be 5.6%, with an average annual GDP growth rate of 5.4% over the next 5 years. Nominal GDP will increase from 150.8 trillion tenge in 2025 to 234.2 trillion tenge in 2029," said the Deputy Minister.

According to him, growth is expected in all sectors of the economy. Oil production is projected to increase from 97.2 million tons in 2025 to 104.8 million tons in 2029. Goods exports are forecasted to rise from $82.3 billion in 2025 to $90 billion in 2029. Imports are expected to grow from $61.3 billion to $67.5 billion.

Inflation is projected to be between 5.5% and 7.5% in 2025, 5% to 6% in 2026, with a subsequent decrease to 5% from 2027 to 2029.

Based on the macroeconomic forecast, a budget and National Fund parameters forecast for 2025-2027 has been developed, where the republican budget revenues are expected to be 15.6 trillion tenge in 2025 and 18.2 trillion tenge in 2027.

The law on guaranteed transfers from the National Fund establishes a cut-off price for oil at $42.3 per barrel in 2025, $41 per barrel in 2026, and $39.4 per barrel in 2027.

Taking this into account, the amount of the guaranteed transfer to the republican budget for the years 2025-2027 is set at 2 trillion tenge annually.