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Kazakhstan forecasts 6 percent GDP growth in 2013

19 October 2012 13:48 (UTC+04:00)
Kazakhstan forecasts 6 percent GDP growth in 2013

Real GDP growth in Kazakhstan is forecasted at 6 percent in 2013, 6.1 percent in 2014 and 7.6 percent in 2015, Kazakh Economic Development and Trade Minister Erbolat Dosayev said at a session of the parliament's lower chamber, Kazinform news agency reported.

Inflation rate in 2012-2015 is expected at 6.8 percent, Dosayev said.

According to the minister, forecast of Kazakhstan's social and economic development is based on the oil prices forecast on the world market ($90 per barrel in 2013 and $88.5 per barrel in 2014-2015).

Kazakhstan's state budget expenditures are planned at $6.200 trillion tenge in 2013, 6.5 trillion tenge in 2014 and at 7.100 trillion tenge in 2015 ($1=150.65 tenge), Dosayev said.

According to the minister, the main priorities of the state budget expenditures in 2013-2015 are following: increasing employment, regional development, human capital growth, improving of the living conditions of the population, industrial and innovative development and complete fulfillment of social obligations of the state.

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