Kazakh Government to Allocate Additional 5.9 Trillion Tenge to Address Crisis
5.9 trillion tenge (US$13.1 billion) will be allocated to address the crisis in Kazakhstan. 2.5 trillion (US$5.6 billion) out of them are funded by extrabudgetary resources, 3.5 trillion (US$7.8 billion) – by state budget. At a press briefing held today, First Deputy Finance Minister Berik Sholpankulov said that the funding will be aimed to achieve three key goals. The government will spend 1.2 trillion tenge (US$2.7 billion) to ensure economic stability and maintain the state of emergency. 300 billion tenge (nearly US$667 million) will be funded from the budget to implement an Employment Roadmap for infrastructural projects and creation of 250,000 new jobs.
“Additional 84.5 billion tenge (nearly US$188 million) will be allocated to implement a Business roadmap. This will inside measures to support businesses through subsidizing and guaranteeing loans. This will allow create nearly 16,000 jobs and tax revenues of more than by 250 billion tenge (US$556 million),” Sholpankulov explained.
The government will allocate 30.8 billion tenge (US$68.4 million) to provide the people emits Fulton arable to the crisis with food and comfort packages. This help will reach over two million people.