Kazakhstan's Senate debates financial incentives to spur economic growth
A government hour on financial incentives for economic growth took place in Kazakhstan’s Senate this week. The session brought together lawmakers, financial experts, and industry leaders to discuss ways of boosting the country’s economy through better funding strategies. Organised by the Committee on Finance and Budget, the event focused on practical measures to improve investment and budget efficiency.
The discussion included high-profile speakers from both public and private sectors. Among them were Arman Kasenov, Vice Minister of National Economy, Rustam Karagoshin, Chairman of Baiterek National Managing Holding JSC, and Yelena Bakhmutova, Chair of the Council of the Association of Financiers of Kazakhstan. Galim Khusainov, a board member of Teniz Capital Investment Banking JSC, also contributed to the talks.
Key topics covered investment attraction, the role of banks in financing real economic activities, and ways to make budget spending more effective. Olga Perepechina, Deputy Speaker of the Senate, highlighted the need for financial incentives to push for high-quality growth. She also insisted that state support must remain targeted, transparent, and focused on measurable results rather than replacing market mechanisms. Sultanbek Makezhanov, Chair of the Committee on Finance and Budget, framed the session as part of broader efforts to widen economic financing options. The recommendations developed during the meeting will now be finalised and presented to the government for further action.
The session concluded with a clear plan to refine the proposed measures and submit them for government review. The aim is to create a more efficient financial framework that supports sustainable economic development. Lawmakers and experts will now work on turning the discussed ideas into actionable policies.
