15 Hrs
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وكالة الأنباء القطرية
Kazakhstan forecasts over 5% annual growth until 2029
The Kazakhstani government expects the country's economy to grow annually by over 5% during the period from 2027 to 2029, with gross domestic product rising from 199.3 trillion tenge in 2027 to 245 trillion tenge in 2029. This growth is primarily attributed to increased production in non-oil sectors such as manufacturing, agriculture, and construction. The government also anticipates foreign exchange reserves of the National Fund increasing from $65.2 billion in 2027 to $70.6 billion in 2029, with inflation rates remaining stable between 6% and 9.5%. Additionally, exports and imports of goods are expected to rise, while the budget will be managed with a limited deficit. The growth strategy relies on strengthening infrastructure, especially in transportation, energy, and water sectors, along with continuous expansion in trade and telecommunications sectors.
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