Government holds a sitting
The Government plans to borrow in international markets through issues of state securities.
At a Government’s sitting today, Economy Minister Bakhyt Sultanov announced that in 2011 pensions will rise by 30%. “The Government will keep on taking measures to support socially vulnerable strata of population”, the Minister said. He also reminded that starting from January 1, the current average pension had been raised by 25%.
The Government plans to borrow in international markets through issues of state securities. He elaborated that this measure is targeted at setting up a bench-mark for corporate issuers and at financing the budget deficit.
“In 2010, BTA and Alliance banks of Kazakhstan will reduce their external debts by a total of USD 10 billion through restructuring efforts”, the Minister said. The monetary policy will be aimed at keeping the inflation rate within the range of 6-8%.
According to B. Sultanov, the exchange rate will be ensuring a good balance between the internal and external competitive edge of the economy.
As for the overall economic situation, “with the global demand growing for Kazakh commodities, the production output of metallurgical and mining facilities will be restored”.
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