Within the framework of the implementation of the "Hearing State" concept, the Chairman of the Internal State Audit Committee of the Ministry of Finance of the Republic of Kazakhstan Yerzhan Mynzhasarov held an online meeting with the population of Pavlodar region, during which he announced the results of the work and new approaches in the field of state audit. Alsoduring the meeting, he gave comprehensive answers to the questions that arose.
The meeting was held in the format of an open dialogue, residents actively asked questions, including on remote checks.
At the end of 2025, the audit covered 6.6 trillion tenge, financial violations were revealed for 462.4 billion tenge and more than 4.4 thousand procedural violations. At the same time, the number of inspections was reduced by 22%, and the volume of violations identified increased by 36%. This was made possible by an increased risk-based approach and the use of digital tools that improved audit accuracy.
Particular attention is paid to the prevention of violations. Desk audits prevented attempts to increase the value of public procurement contracts by 57.5 billion tenge. A pilot was launched for a desk check of acts of work performed before payment.
Online budget monitoring made it possible to stop the overstatement of planned government spending by 1.5 trillion tenge and identify fraudulent schemes by 1.5 billion tenge. As a result, the disorders previously characteristic of the education sector are significantly reduced.
In most cases, violations are eliminated voluntarily, funds are returned to the budget without litigation.
The Chairman of the Committee stressed that the key task for today is not only to identify violations, but also to prevent them at an early stage through digitalization and analytics.
At the end of the meeting, it was noted that the Committee will continue to develop modern audit tools, as well as work on citizens' appeals, which remain an important source of feedback and increased transparency in the use of budget funds.
Vice Minister of Finance of Kazakhstan, Dauren Kengbeil, participated in the first consultative meeting on the establishment of the SCO Development Bank.
In his remarks, Dauren Kengbeil expressed support for the initiative to establish the SCO Development Bank, emphasizing the importance of financing projects in areas such as the implementation of digital technologies, artificial intelligence, and the development of water management infrastructure.
On the sidelines of the event, Dauren Kengbeil held bilateral meetings with representatives of the Ministries of Finance of the People's Republic of China and the Russian Federation, as well as with the Export-Import Bank of China.
During the meeting with Vice Minister of Finance of the PRC, Liao Min, the parties exchanged views on the establishment of the SCO Development Bank, discussed the development of bilateral financial cooperation, and agreed to cooperate on the issuance of panda bonds inthe Chinese market.
With Deputy Minister of Finance of the Russian Federation, Ivan Chebeskov, the current status of the bilateral cooperation agenda was discussed, including issues related to the activities of regional financialinstitutions.
Key issues related to the financing and implementation of investment projects in Kazakhstan were discussed during negotiations with Vice President of the Export-Import Bank of China, Chen Bin. These included the construction of a water pipeline from the K.I. Satpayev Canal to Astana with Pumping and Filtration Station No. 4, the reconstruction of the "Center–West" corridor (Astana–Irgiz section), and the modernization of Kazakhstan's border checkpoints.
Following the meetings, the parties expressed confidence in the successful implementation of joint projects, further development of partnership, and achievement of mutually beneficial goals.
At the Digital Qazaqstan forum, taking place on March 27 in the city of Shymkent, the Ministry of Finance of the Republic of Kazakhstan, together with JSC "Center for Electronic Finance," presented the capabilities of commodity analytics implemented in the "Digital Financial Map" (DFM) module of the "e-MinFin" system.
The development is aimed at obtaining a comprehensive picture of trade turnover in the country and generating analytics available on a territorial basis. The solution allows visualizing data on retail sales on the map of Kazakhstan and analyzing them with varying levels of detail.
The system generates aggregated analytics with the ability to drill down by various categories of objects, including cash registers, trade facilities, and administrative-territorial units. Analysis for various periods is available, as well as the generation of product rankings and identification of regional demand characteristics.
Analytics in the current version is generated based on fiscal receipt data. In the future, it is planned to expand data sources through the integration of electronic invoices and accompanying goods waybills, which will further enhance the completeness and depth of analysis. At the same time, the use of NTIN identifiers – unique digital codes for goods from the National Catalog – ensures end-to-end identification and data comparability. The mandatory use of NTIN from January 1, 2026, has ensured end-to-end identification of goods and enabled the formation of a comparable and transparent trade turnover analysis system.
The DFM functionality enables comparative analysis between regions, trade facilities, and taxpayers, as well as the prompt identification of changes in demand structure and commodity flows.
"Commodity analytics based on the Digital Financial Map allows, for the first time, seeing economic activity through the lens of specific goods and territories. This is not just data, but a tool that provides the ability to understand the consumption structure more deeply, respond promptly to changes, and make more accurate management decisions," emphasized Vice Minister of Finance of the Republic of Kazakhstan Aset Turysov.
The presentation of the solution will be part of a demonstration of digital tools aimed at increasing economic transparency and developing the analytical infrastructure of public finances.
On December 10, 2021, Decision of the Supreme Eurasian Economic Council No. 23 approved the General Approaches to the Conditions for the Implementation of Appraisal Activities within the Framework of the Functioning of the Single Service Market (hereinafter, the General Approaches).
Each EAEU country is obliged to amend its legislation on appraisal activities in accordance with the specified General Approaches.
Thus, the general approaches include informing the appraisers of their competent authority at the place of its registration (in the Republic of Kazakhstan and in the Russian Federation - these are the chambers of appraisers) of the intention to carry out their activities in the territory of other countries of the Union, maintaining by the competent authorities of each party a register of appraisers intending to conduct an assessment in any other party, exercising control functions, consideration by the competent authority of appeals (complaints), etc.
The competent authority of the EAEU country, based on the information provided by the appraiser, enters information about it in the above register. This register is open and publicly available in all EAEU countries.
In case of violation by a foreign appraiser of the legislation on appraisal activities of the EAEU country in the territory of which he evaluates the property, information on this violation and measures of influence, including the suspension of the right of the appraiser to carry out appraisal activities in the territory of this country, is also entered into the specified register for the period provided for by its legislation.
The above is one of the main measures to protect the interests of consumers of services of the EAEU member states.
In accordance with the legislation of the Republic of Kazakhstan on appraisal activities, the customer independently selects an appraiser.
In this regard, when choosing a foreign appraiser, consumers of Kazakhstan's services can be guided by the above register.
Also, in accordance with the General Approaches, the appraiser of any Member State evaluates the property taking into account the Comparative List of Property Assessment Objects, indicating the permits granting the right to conduct property assessment in relation to the relevant objects.
The comparative list includes the name of the objects of assessment in the EAEU member states and the name of the permits granting the right to conduct an assessment to the appraiser.
In this regard, the draft law provides for the addition of a new chapter regulating the activities of appraisers of Kazakhstan, chambers of appraisers, the authorized body in the field of appraisal activities, as well as the activities of appraisers of other EAEU member states within the framework of the functioning of the SMS.
The draft law defines measures to protect the rights and interests of Kazakhstani consumers of assessment services, including:
- maintenance by the Internal State Audit Committee of the Ministry of Finance of the Republic of Kazakhstan of the register of appraisers of other EAEU countries on the territory of the Republic of Kazakhstan based on the information provided by the chambers of appraisers;
- consideration by the chambers of evaluators of appeals (complaints) in relation to the evaluator of another EAEU member state.
The draft law provides for a norm prohibiting appraisers of other EAEU countries from assessing property in the territory of the Republic of Kazakhstan as part of public procurement of property assessment services, as well as providing property assessment services supplied in pursuance of the functions of state authorities.
Thus, only Kazakhstani appraisers are entitled to evaluate the above objects in the territory of the Republic of Kazakhstan.
In other EAEU states, the situation is similar for these facilities.
The draft law establishes the obligation of appraisers of other EAEU countries when carrying out appraisal activities in the territory of the Republic of Kazakhstan to comply with the requirements of the legislation of the Republic of Kazakhstan on appraisal activities, other legal acts of the Republic of Kazakhstan.
That is, these appraisers ensure property liability on the terms of the national regime.
At the same time, measures to ensure property liability are determined by Article 21 of the current Law.
As mentioned above, the draft Law provides for the rule on maintaining the register of appraisers of other EAEU countries on the territory of the Republic of Kazakhstan based on the information provided by the chambers of appraisers by the ISAC.
In addition, when foreign appraisers inform their body at the place of its registration of their intention to carry out their activities in the territory of the Republic of Kazakhstan, it is obliged to indicate the chamber of appraisers that will consider appeals on issues related to its activities in Kazakhstan.
Thus, in case of controversial issues based on the results of the assessment, violation or non-compliance by foreign appraisers of the requirements of the legislation of the Republic of Kazakhstan on appraisal activities, other legal acts of the Republic of Kazakhstan, the customer has the right to contact the chamber of appraisers, which was indicated by the above appraiser in the contract for the assessment, to consider the appeal and take appropriate measures.
The Ministry of Finance of the Republic of Kazakhstan continues systematic work on implementation of international standards for information disclosure in the field of sustainable development - IFRS S1 and S2. Today a meeting of the interdepartmental working group took place.
Reference: IFRSs S1 and S2 are new international reporting rules. Thanks to which the business will be obliged to disclose the impact of the company's activities on the environment and society, as well as what climate threats can affect the business itself.
The main issue on the agenda of the meeting was implementation of the Roadmap for the phased implementation of IFRS S1 and S2 in the Republic of Kazakhstan for 2027-2028. The document was prepared jointly with the United Nations Development Program and includes 37 activities that determine consistent steps to form a regulatory, institutional and methodological framework for the implementation of standards in Kazakhstan.
During the meeting, the working group considered the parameters of the future application of standards, including the definition of the date for the start of mandatory application of standards, the establishment of criteria and thresholds for the selection of organizations to be subject to requirements, the formation of approaches to the audit of reports prepared in accordance with IFRS S1 and S2, as well as the development of measures to ensure compliance with standards.
"The introduction of IFRS S1 and S2 will be an important stage in the development of Kazakhstan's corporate reporting system. This will improve the quality of the information disclosed, increase attention to sustainable development issues and create additional conditions for increasing the investment attractiveness of the country. We are committed to close interdepartmental interaction in order to offer practical solutions to business," - Vice Minister of the Ministry of Finance Dauren Kengbeil commented on the results of the meeting.
Sincerely congratulate you on March 1st — Gratitude Day!
This significant holiday has become an integral symbol of the unity and cohesion of our people, their generosity and fraternal mutual assistance. In Kazakhstan, representatives of many peoples and ethnic groups, whose fates have brought them together, demonstrate an example of respect, harmony, and friendship, living in peace and accord. March 1st is a day that immortalizes these values and calls for appreciating today's stability and tranquility.
For us, strengthening the country's independence, ensuring sustainable economic growth, and improving the well-being of citizens is the main task. The transparency and efficiency of the state financial system are necessary conditions for achieving the set goals.
In this regard, I express sincere gratitude to all citizens who, sparing no effort, work for the common good and contribute to the prosperity of our country!
May our unity be strong, and our harmony ever-growing! I wish every home happiness and prosperity!
Best regards,
Madi Takiyev, Minister of Finance of the Republic of Kazakhstan
Kazakhstan is preparing important changes in the field of evaluation activities. The Ministry of Finance has initiated amendments to the legislation on valuation activities, which should improve the quality of valuation services, open up new opportunities for Kazakhstani appraisers in the EAEU space, expand access to services for citizens and businesses, stimulating economic growth and investment. Anar Kaliyeva, Director of the Accounting Methodology, Audit and Evaluation Department of the Ministry of Finance of the Republic of Kazakhstan, told about why the reform is needed, what innovations await the market and how they will affect the investment climate of the country.
- Why should we make amendments to the legislation in valuation activities?
Today, propertyvaluationplaysakeyroleinpurchase and saletransactions,loans,investments, andlawsuits.Therefore, it is importantthat the proceduresareastransparent,predictable as possible andprotect the interests of bothbusinessesandcitizens.
So, on December10, 2021, by Decision of the SupremeEurasianEconomicCouncilNo.23, GeneralApproachesto the conditions for carrying out evaluationactivitieswithin the framework of the functioning of the singlemarket of services(hereinafter referred to as GeneralApproaches) were approved.
Inaccordancewiththeseapproaches, eachEAEUcountry is required to amenditslegislationonvaluationactivities.Andonlyaftertheparties have made appropriatechanges, it is planned to open a singlemarket for propertyvaluationservices.
Inthisregard,we are amendingtheLaw"OnValuationActivitiesin the Republic of Kazakhstan"regarding the provision of propertyvaluationserviceswithin the EAEU by appraisers,bothKazakhstaniandappraisers from otherEAEUmember States.
Appraisers of oneEAEUmember state will be able to carry out theiractivitieson the territory of otherEAEUmember States withoutbarriers,exemptions,restrictions,additionalrequirementsandconditions.
Thismeansthat the valuationcarried out inourcountrywill be recognizedinothercountries of the Unionwithout the need for repeatedprocedures.Such a step will greatlysimplify cross-bordercooperation,allowbusinesses to savemoneyonvaluation,make the marketmoreattractivetoinvestorsandcreateconditionsfor the freemovement of capital. As aresult, allmarketparticipantsbenefit:fromsmallbusinessestolargeinternationalcompanies.
- What are your main goals when making amendments to the law on valuation activities?
- The main task is to make the system more modern and understandable. The amendments to the Law will allow appraisers to carry out their activities on the territory of the EAEU countries.
- How will it work in practice?
-Amendments to theLawonValuationActivities will simplify the life of bothbusinessesandindividuals.Imagine the situation: a Kazakhstaniappraiser has assessed a real estateobjectforcollateralorsale.Nowthisassessment will be automaticallyrecognizedinotherEAEUcountries. For example,inArmeniaorRussia.Thatis,onescoreisoneresultfor the entireUnion.Thisnotonlyreducescosts,butalsomakesbusinessprocessesfasterand more predictable.
Inconnectionwith the opening of a singlemarket for propertyvaluationserviceswithin the EAEU, the Law has been supplemented with a newchapter"Activitieswithin the frameworkof the singlemarket of services".Thischapterregulates the dutiesandresponsibilities of Kazakhstaniappraisers,appraisers of otherEAEUmember states and,accordingly, the Chamber of Appraisers.
These changes will allow our appraisers and non-resident appraisers to carry out their activities on the territory of the Union.
- How will the amendments to the law affect the domestic market?
Each chamber of appraisers will implement a system of internships and regular training. This will allow young professionals to adapt more quickly to market requirements, while experienced ones will constantly update their knowledge in accordance with national assessment standards.
In addition, the proposedamendments alsomean an improvement in the quality of services. As aresult,this will create the basisfor a morestable real estate,lendingandinvestmentmarket.
- How do the appraisers themselves feel about the changes?
-Generallypositive.Amendments intheimplementation of evaluationactivitieswithintheEAEU will open up newopportunitiesforKazakhstaniappraisers,expandaccesstoservicesforcitizensandbusinesses,stimulatingeconomicgrowthandinvestment.
- How will these amendments affect investments in Kazakhstan?
- Transparency, predictability and trust in the asset valuation system are important for any investor, because it is on this that the accuracy of calculations, the validity of transactions and the minimization of risks depend.
Amendments in the legislationonevaluationactivities will strengthen the image of Kazakhstanas a reliablejurisdictionwherelawsworktransparently,specialists are competent,and the evaluationsystemmeetsinternationalrequirements.Allthisincreasesconfidence in theeconomyandopens up newopportunitiesforattracting long-termcapital.
The adoption of the draft law on the introduction of property valuation services will open up new opportunities for Kazakhstani appraisers, expand access to services for citizens and businesses, stimulating economic growth and investment. Also, the draft Law provides for the improvement of existing standards, the elimination of excessive requirements and contradictions, which will lead to an improvement in the legislation of the Republic of Kazakhstan on valuation activities and more effective regulation of the industry.
An expanded meeting of the board of the Ministry of Finance of the Republic of Kazakhstan was held in Astana. The meeting was attended by Deputy Prime Minister - Minister of National Economy of the Republic of Kazakhstan Serik Zhumangarin, Minister of Finance of the Republic of Kazakhstan Madi Takiyev, Chairman of the Public Council of the Ministry of Finance of the Republic of Kazakhstan Zhaksybek Kulekeyev, as well as the leadership of the department. The main topic of the meeting was the implementation of the instructions of the Head of State Kassym-Zhomart Tokayev, including the tasks of digitalizing the economy, supporting business and effectively managing budget funds.
Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan Serik Zhumangarin noted the importance of coordinated work within the ministry to implement the strategic tasks set for the economic bloc of the Government. "Last year, Kazakhstan's GDP exceeded $300 billion. GDP per capita amounted to $15,000. We carried out a budget and tax reform aimed at consolidating public finances. And now, the Ministry of Finance has been assigned a key role in further optimizing budget expenditures. We maintain the social orientation of our state, but at the same time we will conduct a strict audit of all budget programs. We will conduct regular check-ups of budget expenditures. It is necessary to improve the mechanism for selecting budget projects. Naturally, the lion's share of the burden falls on the Ministry of Finance," said Serik Zhumangarin.
The Minister of Finance of the Republic of Kazakhstan Madi Takiyev focused the attention of the Board participants on the draft of the new Constitution and the upcoming Referendum. "The new Constitution enshrines the key guidelines of Fair Kazakhstan - this is equality before the law, an honest economy without privileges, a fair distribution of opportunities and a state that hears citizens and works in their interests," Madi Takiyev said. The foundation of the draft of the new Constitution is human-centric and human capital development as a strategic direction for the development of Kazakhstan.
He reminded that all efforts of the department's employees should be aimed at improving the quality of life of Kazakhstan's citizens. The Public Council on Public Finance, established under the Ministry, plays an important role in this system.
The Council's Chairman, Zhaksybek Kulekeev, reported on the results of the Council's work. He said that all of the Council's recommendations and proposals had been fully implemented by the Ministry.
The effectiveness of this cooperation is confirmed by concrete financial results. Thus, at the end of 2025, state budget revenues (excluding transfers) amounted to 24.6 trillion tenge. This is 27.3 billion tenge more than planned. Compared to 2024, revenues increased by 3 trillion tenge. The revenue plan was fulfilled by 100.1%.
The plan for tax revenues to the republican budget for 2026 was approved in the amount of 18.9 trillion tenge, which is 4.4 trillion tenge or 30.6% higher than the fact of 2025. It was noted that execution will be ensured by economic growth, the new Tax Code, improvement of tax and customs administration and digitalization of fiscal processes
In 2025, the Digital Map of Public Finances project was developed, aimed at visualizing budget revenues and expenditures linked to geolocation points on a map of the Republic of Kazakhstan. The project provides data ranging from fiscal receipts to regional budget revenues and expenditures, including commodity analytics and risks. This year, there are plans to transition from a map to a full-fledged platform for analyzing the country's economy using AI analytics.
In accordance with the Head of State's instructions to create favorable conditions for entrepreneurs, the Ministry of Finance of the Republic of Kazakhstan launched the “clean slate” mechanism, a one-time campaign for micro and small businesses. A temporary moratorium on certain inspections has been introduced. All these measures are aimed at reducing the burden on business. At the same time, emphasis is placed on combating the shadow economy. The work will be carried out within the framework of a comprehensive plan that provides for the development of analytical tools and the creation of a unified digital showcase.
Within the framework of the Board meeting, topical issues in the field of public procurement, state audit, measures taken to improve tax and customs administration through the implementation of digital projects were also discussed. The issues of improving the mechanisms of state property management, as well as expanding the use of digital tenge are highlighted. Measures taken to ensure transparency of financial flows, payment for services in the field of health and education are considered.
Particular attention was paid to anti-corruption issues. The Minister of Finance Madi Takiyev stressed that the prevention of corruption is one of the priority tasks in the country.
Summing up the meeting, the board members noted that 2026 will be an important stage in the implementation of the strategic tasks set by the Head of State. Further digital transformation, the introduction of artificial intelligence, business support through new mechanisms and transparent management of budgetary funds remain the main priorities of the Ministry of Finance of the Republic of Kazakhstan.
Министерство финансов Республики Казахстан сообщает о переходе аналитико-интеграционной платформы Smart Data Finance в режим промышленной эксплуатации. Данная цифровая система разработана для консолидации, обработки и комплексного анализа больших массивов данных в сфере государственных финансов и направлена на формирование единой аналитической среды для принятия управленческих решений.
Создание платформы позволило перейти от фрагментированной обработки данных к централизованному управлению на основе современных цифровых инструментов. В рамках проекта сформировано единое хранилище Big Data, объединившее 74 источника данных. Через 12 сервисов обеспечена интеграция с 36 информационными системами государственных органов, банков второго уровня и иных организаций. В системе аккумулируются ключевые сведения о налогоплательщиках, включая данные о недвижимости, транспортных средствах, земельных участках, долевом участии, ценных бумагах, международных сделках в рамках валютного контроля, лицензиях и льготах, трудовых договорах, нотариальных действиях, мобильных переводах и других финансово-экономических операциях. Это позволило сформировать комплексное цифровое досье на каждое физическое и юридическое лицо с установлением аффилированности и взаимосвязей, что активно используется в целях налогового администрирования и управления рисками.
Платформа включает девять функциональных подсистем, содержащих 84 модуля, и охватывает направления местных налогов, плат и сборов, предзаполнения, аналитики и отчетности, статистики внешней торговли, ситуационного мониторинга, камерального контроля и уведомлений. В работе используются технологии Big Data, искусственного интеллекта и машинного обучения, а также инструменты предиктивной аналитики, в том числе для расчета налоговых обязательств.
Smart Data Finance обеспечивает формирование порядка 500 аналитических отчетов ежемесячно, при этом их подготовка осуществляется практически в режиме реального времени. Платформа предусматривает современные инструменты визуализации данных, что позволяет оперативно анализировать показатели и принимать управленческие решения в сфере налогового администрирования, риск-менеджмента и межведомственного взаимодействия.
По итогам эксплуатации системы отмечается увеличение собираемости налогов, рост доли добровольного исполнения обязательств, повышение эффективности контрольной работы и снижение операционных издержек администрирования. Централизация данных и переход к управлению на основе аналитики способствуют повышению прозрачности бюджетных процессов и укреплению устойчивости системы государственных финансов.
Подключение новых государственных информационных систем рассматривается как одно из приоритетных направлений дальнейшего развития платформы. Министерство финансов продолжит последовательную цифровую трансформацию сферы государственных финансов, обеспечивая эффективность, прозрачность и современное качество государственного управления.
Vice Minister of Finance of the Republic of Kazakhstan Erzhan Birzhanov addressed the opening session of the OECD Eurasia Week.
In his remarks, Erzhan Birzhanov emphasized the strategic importance of Kazakhstan’s cooperation with the OECD, highlighting the key role of the Eurasia Competitiveness Programme in promoting economic and institutional reforms in the region.
It was noted that the OECD Country Programme for Kazakhstan facilitates the implementation of international standards and best practices in national reforms, ensuring their practical focus and long-term sustainability.
The Vice Minister also underlined Kazakhstan’s active and consistent engagement with the OECD. Currently, the country has acceded to 46 OECD legal instruments and participates in the work of 39 OECD committees and bodies.
Special attention was given to tax policy matters, including the entry into force of the new Tax Code of the Republic of Kazakhstan as of 1 January 2026 and the country’s participation in the OECD/G20 BEPS initiative.