Islamabad/ Astana : On September 2, President Kassym-Jomart Tokayev delivered his annual state-of-the-nation address titled “Just Kazakhstan: Law and Order, Economic Growth, Public Optimism.” In his speech, President Tokayev outlined the key goals for the nation’s development, focusing on sustainable socio-economic progress.
A significant announcement was the upcoming nationwide referendum on October 6 regarding the construction of a nuclear power plant. “The upcoming referendum will be another manifestation of a broad national dialogue and a vivid example of the implementation of the concept of a ‘listening state.’ By taking such steps, we are forming a new socio-political culture and establishing new standards for making key state decisions,” the President stated.
He also highlighted recent legislative accomplishments, including the passage of 102 laws during the latest parliamentary session, which address areas such as combating human trafficking and child protection. New laws have been introduced to strengthen punishments for violence against women and children.
Shifting focus to new tasks and priorities, the President emphasized the need to address imbalances between monetary and fiscal policies, particularly through tax reforms and enhancing the investment climate.
“We need a new law on banks that meets the urgent tasks of stimulating economic activity and further dynamic development of the fintech sector,” he stated. Tokayev stressed the importance of fostering a stable, business-friendly tax policy, proposing that to mitigate corruption risks and ensure transparency, “it is essential to accelerate the transition of tax processes to an electronic format.”
He added that the government needs to increase the share of medium-sized businesses in the economy from the current 7% to 15% by 2029.Additionally, Tokayev called for the continued development of Kazakhstan’s industrial potential, with a focus on major projects in the petrochemical industry and gas supply.
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