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19 October 2015
Meeting with Prime Minister Karim Massimov

At the meeting Karim Massimov informed the President on the socio-economic development of the country and the implementation of major government programmes.

Nursultan Nazarbayev noted that today the country's economy operates in the heavy mode.

“Due to the decline in energy prices budget revenues have decreased by 40%. In addition, prices for other basic export goods including ferrous and nonferrous metals and coal have decreased. Meanwhile, agriculture provides a small increase but industrial enterprises are reducing production,” he said.

The Head of State stressed that following his talks with the leadership of China, the United States and the Russian Federation, the crises in the world market.

Nursultan Nazarbayev said the people of Kazakhstan should know the current situation. Kazakhstani enterprises should await profit shrinkage, reduction of income and possible job cuts.

“There comes a real crisis, much stronger than in 2007-2009. In this regard, I instruct the Government to analyze and work out a plan of anti-crisis work,” he said.

Kazakh Preside reiterated that the Government will not reduce social allocations aimed at maintaining the well-being of Kazakhstani citizens. In his words, Nurly Zhol new economic policy allows the Government to implement an employment programme providing an opportunity of obtaining new skills through vocational education. In addition, the President instructed the Government to draw up a programme to support vulnerable social groups.

Nursultan Nazarbayev noted the importance of increasing a number of industrial production and capacity of the constructed objects.

“Business organizations should not expect that the state will provide them with the means. I forbid using financial resources of the National Fund for the construction of new facilities and support, subsidize poorly performing enterprises. In addition, we have conducted privatization to attract a more efficient management,” he said.

Following the meeting Head of State charged the Prime Minister with a number of specific tasks.


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