Nursultan – President Qasim Jomart Tokayev recognized the role of entrepreneurship in economic growth at a meeting with business executives in Acorda on September 9.
Tokayev during a meeting with business executives in Acorda on Sept. 9. Photo credit: Acorda
“In my address to the people, I pointed to the basic goal of economic policy: the qualitative and inclusive growth of people’s well-being, which can be achieved through a free and efficient market economy. The leading role and business intervention of the government is becoming a thing of the past.The government promotes law-abiding business in both domestic and international markets,” said Tokayev.
The government will continue to work on measures against brutalization. The playing field is fair for everyone. Doing business in Kazakhstan should be highly “profitable and safe”, regardless of personal contact with state institutions.
“We will develop small and medium enterprises, nurture a new generation of entrepreneurs and encourage new ideas. The government will continue to support large companies. the president said.
Tokayev encouraged business leaders to actively participate in addressing societal challenges. Photo credit: Acorda
Tokayev also spoke about tax policy and administrative reforms due to the new tax law coming into force in 2024. This will prevent companies from bearing excessive administrative burdens. Approaches to public procurement and public-private partnerships will be reviewed. Legislation on the use of subsoil will also be improved.
Approaches to management of the agricultural industry, construction, transport and logistics sectors will be reviewed.
All these measures pointed out by the President require joint efforts of authorities, society and businesses. Fair competition, transparency, predictability of national policies, tax honesty and social responsibility will be key elements of the new economic policy.
Tokayev encouraged business leaders to actively participate in addressing societal challenges. “Investing in human capital is important. This includes building kindergartens, schools, hospitals, universities and developing tourism. We are observing a shortage of campuses and sports facilities.Your help is very important to the country.”
Constructive dialogue between governments and businesses will continue to serve as a solid foundation for social stability. said by the president at the January meeting.
