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Kazakhstan news
The National Bank of Kazakhstan has formed a National Crypto Reserve with a total volume of $700 million, of which about $200 million has already been invested. First Deputy Chairman of the National Bank Yerulan Zhamaubayev announced this, according to 24KZ.
Kazakhstan has allocated 3.3 trillion tenge from its 2027 budget for the security bloc. Finance Minister Madi Takiyev and Deputy Prime Minister and Minister of National Economy Serik Zhumangarin explained how the funds will be spent and why such spending does not undermine financing for the real sector.
Around 522,000 Kazakhstanis could lose state benefits because of means-testing criteria taking effect on 1 January 2027, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said.
Pensions and social payments in Kazakhstan will be indexed starting next year. This was announced at a briefing in the Kurultai by Deputy Prime Minister and Minister of National Economy Serik Zhumangarin. The report is based on information from Tengrinews.kz correspondents.
Economy
Kazakhstan's economy grew 4.2% in January–September 2026, according to figures reviewed at a government meeting. Other indicators of the country's socio-economic development were also considered at the session.
From 1 January 2027, second-tier banks in Kazakhstan will begin transferring information to the Ministry of Labour and Social Protection of the Population needed to assess the wellbeing of families applying for state aid. Labour Minister Askarbek Yertayev announced this at a session of the kurultai. The report was filed by a correspondent of the Kapital.kz business information centre.
Deputies of Kazakhstan's Kurultai approved in first reading a draft republican budget for three years. According to Egemen.kz, the document aims to maintain macroeconomic stability, fulfil all social obligations and accelerate infrastructure development, as set out by the Head of State.
Kazakhstan's public debt has reached 38.5 trillion tenge, or 20.9% of GDP, Finance Minister Madi Takiyev said at a session of the Kurultai, where lawmakers were discussing the draft budget for 2027–2029. External debt accounts for 8.4 trillion tenge, or 4.5% of GDP.
Kazakhstan's Parliament (Kurultai) approved in second reading and adopted in third reading a bill amending and supplementing the Law of the Republic of Kazakhstan on State Awards. The bill was developed on the initiative of deputies, according to Egemen Qazaqstan, which cites Egemen.kz.
Deputies of Kazakhstan's Kurultai approved in first reading a bill “On the Republican Budget for 2027-2029”, NUR.KZ reported, citing the parliament's press service. The Kurultai's Telegram channel said the document includes priorities such as preserving macroeconomic stability, fulfilling all social obligations and accelerating infrastructure development.
Police in Almaty, Kazakhstan, have opened a criminal case after an incident in which 48 students of the Republican Physics and Mathematics School were hospitalized, NUR.KZ reports.
Energy
Kazakhstan is working to adapt its national standards for the construction and operation of nuclear power plants (NPPs). The information was given by the Committee for Technical Regulation and Metrology of the Ministry of Trade and Integration, and was reported by a Kazinform correspondent.
Kazakhstan's draft republican budget for 2027-2029 was considered in its first reading at the Kurultai during a plenary session on Wednesday. Deputy Olga Perepechina said the document was formed with a minimal margin of financial stability, and that any macroeconomic instability could require additional borrowing or withdrawals from the National Fund.
Today's top Turkic news: Uzbekistan-China ties, Samarkand visit, Kulubaev-Rubio talks, Northern Cyprus festival and Turkmen desertification centre.
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