13 June | 2024

Lahore, Pakistan

6.7m Kazakh children will be able to use ‘national fund’ for education, house purchase

Announcing human-centered development strategy, President Kassym-Jomart Tokayev says each child in Kazakhstan should feel happy and safe

Kazakhstan Prime Minister Alikhan Smailov announced that the National Fund for Children will cover 6.7 million children, who will be able to use the accumulated funds upon reaching the age of 18 for education or purchase of housing, a local news agency reported.

Addressing Amanat party meeting in Astana, the prime minister spoke about the implementation of a number of significant measures in the economy, public sector and social sphere in the framework of implementation of the messages of the Kazakh president.

During his speech, he noted that new rules were introduced to limit the withdrawal of transfers and the growth of budget expenditures in order to strengthen saving function of the National Fund. Over the past four years, 4.7 trillion Kazakhstani Tenge has been redirected to priority tasks due to the revision and optimization of budget expenditures.

Due to improvement of tax and customs administration and digitalization for the same period, the republican budget received additional more than two trillion Tenge. On the occasion, Prime Minister Alikhan Smailov told meeting that the law on bankruptcy of individuals has worked. To date, more than 10 thousand citizens have used the procedure of extrajudicial bankruptcy.

In order to strengthen the work on the return of illegally acquired assets to the state, he said that the relevant law has been adopted. As a result of the work of the Commission on Demonopolization, blocks of shares and participatory interests in 16 companies, seven buildings, 160 railway tracks and facilities, as well as funds have been returned to the state ownership.

Prime Minister Alikhan Smailov emphasized that the national economy was showing strong growth despite consequences of the pandemic and difficult geopolitical conditions. He said that GDP per capita has grown to 13.3 thousand dollars, and foreign trade turnover has increased to 140 billion dollars. “Our country’s international reserves amount to almost 95 billion dollars.”

6.7m Kazakh children will be able to use ‘national fund’ for education, house purchase
Kazakhstan’s parliament in Astana

Addressing the joint session of the parliament’s both chambers, President Kassym-Jomart Tokayev said that each child in Kazakhstan should feel happy and safe. He said that people’s interest and need underlie the economic development strategy of Kazakhstan, it should be human-centered to the utmost. Annually, Kazakhstan records more than 400,000 births. By the yearend, the country’s population will reach 20 million people.

The country’s life expectancy also grows, last year it made 74 years old. Kazakhstan is considered as one of the young countries in the world with the average age of the population of 32 years old. The third of the country’s population accounts for youth. The president tasked to turn current demographic trends to the competitive edge. He charged to strengthen psychological support service at educational facilities, hotline, and develop an efficient program to help victims of abuse and bullying.