Positive dynamics remains in the basic sectors of the economy of the Republic of Kazakhstan

At a government meeting chaired by Prime Minister Askar Mamin, the results of the country's socio-economic development and execution of the Republican budget for January-August 2020 were reviewed.

Minister of national economy R. Dalenov, Chairman of the National Bank E. Dossayev, Minister of Finance E. Zhamaubayev reported on the state of the economy, banking sector, execution of the Republican budget, local content in public procurement, the situation in the industry and energy sector – Ministers of industry and infrastructure development B. Atamkulov and energy – N. Nogayev, agriculture – Minister of agriculture S. Omarov.

As noted, thanks to the measures taken in the basic sectors of the economy, positive growth dynamics is maintained for the first eight months of this year.

Thus, in the manufacturing industry, growth was achieved by 3.3%, including in mechanical engineering-by 16.3%, food production-by 3.6%, pharmaceuticals-by 34.1%, light industry-by 11%, chemical industry – by 3.1% and the production of finished metal products-by 18.8%. Construction volumes increased by 6.5%, housing commissioning-by 6.4% or about 8.1 million square meters. in agriculture, a steady growth of 4.9% was provided. Gold and foreign exchange reserves as of August 1 this year amounted to $35.4 billion, an increase of 22.2% since the beginning of the year.

Under the conditions of the need to implement the agreements reached by OPEC+, there is a decrease in oil production (-2.5%). Other important areas of the mining sector continue to show positive dynamics: coal production increased by 1.2%, metal ores-by 1.3%. However, there is a decline in indicators in the service sector (-6.1%), including trade and transport.

This is due to the fact that strict quarantine measures were lifted only from August 17. Akmola, Almaty, East Kazakhstan, Zhambyl, Kostanay, Mangistau, North Kazakhstan and Pavlodar regions provided growth in socio-economic development in 5 of the 7 main indicators. Positive dynamics in 4 indicators was achieved in the Aktobe, Karaganda, Turkestan regions, the cities of Nur-Sultan, Almaty and Shymkent, the website says primeminister.kz.

Regions need to step up their work to ensure the effective implementation of all the tasks set by the head of state in the Address to the people of Kazakhstan, " Askar Mamin said.

The head of government instructed the heads of Central and local Executive bodies to ensure effective use of budget funds, taking measures to ensure their timely and targeted use.

zhaikpress.kz