Business support measures and new digital solutions discussed at the board of the Ministry of Finance

Business support measures and new digital solutions discussed at the board of the Ministry of Finance

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.