During the session, the President noted that the decision was made to allocate KZT 1 trillion for the development of the economy.
“External sources of financing are less accessible to us and the credits being allocated are very expensive. The internal resources of the banking system are limited as domestic banks have just started overcome the crisis. In this regard, as you know, the decision on allocating significant means in the sum of KZT 1 trillion tenge from the National Fund was made to support the economy, particularly, small and medium-sized businesses, as well as to continue the industrialisation and implementation of the infrastructural projects of the country. This will provide new jobs, salaries for our citizens and in the long run will create the opportunity to improve the living standards,” Nursultan Nazarbayev said.
The President of Kazakhstan emphasised that the National Fund has already played a key role during the world financial crisis in 2008-2009, when significant means were allocated from this fund.
Nursultan Nazarbayev laid an emphasis on the concrete sound projects, which would be financed by the National fund.
“The means allocated will be channeled to the development of the processing industry. The implementation of the projects on an output of qualitative products for export is important as well. In this regard, a corresponding commission will be established, which will look into the matters of distribution of the borrowed funds,” the President of Kazakhstan said.
The head of state called citizens of the country not to yield to provocative acts and keep calm.
“We have quite strong economy and nothing catastrophic has happened. Today none of the country’s banks will go bankrupt. We did not allow it to happen in 2009 in relation to the BTA and other banks, because there were savings of our citizens there. We will not allow it now. We guarantee the preservation of deposits of the majority of the population. Those, who made a fuss around the banks have been already found and will be brought to justice. We all want tranquility and stability in our country. This is a task for all Kazakhstanis. All that we had planned, we always implemented,” Nursultan Nazarbayev said.
