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Kazakh politician
8 stories about Serik Zhumangarin, newest first. This page updates by itself with every new story.
Kurultai deputy Olga Perepechina said raising Kazakhstan's value added tax (VAT) from 12% to 16% has not brought the additional budget revenue the government expected. The government revises the base parameters of socio-economic forecasts every year, and none of the key 2027 indicators has held at its original level.
Economy
Deputy Prime Minister and Minister of National Economy Serik Zhumangarin presented Kazakhstan's socio-economic development forecast for 2027 to 2029, according to a correspondent of the Kazinform news agency.
Kazakhstan's government has prepared three scenarios for the country's economic development in 2027, with GDP growth ranging from 3.2% to 5.9% depending on oil prices. Presenting a 2027-2029 socio-economic forecast at a Kurultai meeting, Minister of National Economy Serik Zhumangarin said the government expects slower GDP growth among Kazakhstan's main trading partners. International organisations have also lowered their 2027 oil price forecast to $70.3 per barrel.
Kazakhstan's Minister of National Economy Serik Zhumangarin said at a briefing in the Kurultai that the country's minimum wage (MZP) could be raised. The remarks were reported by a NUR.KZ correspondent.
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.
Kazakhstan's Deputy Prime Minister and Minister of National Economy, Serik Zhumangarin, said at a 13 October briefing that the country lost about 6 million tonnes of oil output in 2026 due to problems with the Caspian Pipeline Consortium (CPC) and an accident at the Tengiz field, according to TASS. He said the oil was not produced and remains in the ground, not participating in the economy.
Turkey's rate cut, Azerbaijan's net-zero strategy, Armenia-Azerbaijan peace treaty timing and Kashagan arbitration ruling in today's Turkic news.
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