Kazakhstan to Further Reduce State’s Stake in Economy by 2025

ASTANA – The implementation of a large-scale privatization plan will cut back the share of state participation within the financial system right down to 14 % by 2025, mentioned Kazakh Prime Minister Alikhan Smailov at a Dec. 6 authorities assembly, reported the Prime Minister’s press service.

Kazakh Prime Minister Alikhan Smailov with officers throughout the federal government assembly. Photograph credit score: Prime Minister’s press service

Immediately, the privatization checklist consists of 675 services within the public and quasi-public sectors, together with the shares of 262 nationwide corporations which can be a part of holdings such because the Samruk Kazyna Sovereign Wealth Fund, KazMunayGas, and Kazakhstan Temir Zholy.

Based on Minister of Nationwide Economic system Alibek Kuantyrov, the plan excludes 200 vital social life assist techniques comparable to water, energy, and warmth services. These objects will stay beneath state possession.