Azernews.Az

By Aynur Jafarova

The economic growth in Kazakhstan will hit 6 percent in 2013, Kazakh Economy and Budget Planning Minister Yerbolat Dosayev said at the boarding meeting on Thursday.

"According to our forecasts, the economic growth will be stable in 2013. We expect the negative impact of global economic instability to be less significant than in 2012," Dosayev said. "A 6-percent GDP increase can be achieved if positive dynamics growth is observed in industrial sectors and the relevant bodies implement active policy."

Dosayev said the economic growth in Kazakhstan was 5 percent in 2012. The growth of retail trade turnover was 12.8 percent. The foreign trade turnover in 11 months of 2012 increased by 10.9 percent and amounted $125, 2 billion.

Export of goods hit $84.9 billion, which exceeds the 2011 figure by 6.3 percent and import hit $40, 3 billion, which exceeds the 2011 figure by 21.9 percent, Dosayev said adding that the inflation rate was only 6 percent compared to 7.4 percent in 2011.

Kazakhstan's trade turnover with the Customs Union member states - Russia and Belarus -- reached $22.1 billion in 11 months of 2012, which 4.8 percent more than in 2011.

Speaking about the future plans of the ministry, Dosayev said that the main goal before Kazakstan is to enter the rank of Top 30 developed countries.

"The Kazakh Ministries of Economy and Budget Planning and Protection of Environment are working over the strategy on transition to green economy, which aimed at protection and rational utilization of the natural resources in various fields of economy," Dosayev said.

Dosayev stated that a road map also was developed to provide employment and growth of economy in crises. As a part of the road map, it is planned to attract the foreign investments in the various sectors of the Kazakh economy, and improve the investment climate.

Also, a law on state-private partnership and concept on new budget policy are planned to be developed to ensure macroeconomic stability and economic growth, to maintain welfare of population and to increase the effectiveness of budget utilization, Dosayev said.