Kazakhstan Observes Positive Trends in Employment

ASTANA – Kazakhstan employed 908,500 people as part of the regional employment maps in 11 months of this year, the Prime Minister’s press service reported in a Dec. 21 review of the country’s development in the social sphere over 2023.

Photo credit: gov.kz

According to Minister of Labor and Social Protection of Population Svetlana Zhakupova, 196,300 people were employed through state-subsidized jobs during the same period.

Citizens from socially vulnerable segments of the population were given 9,100 government grants in the amount of about 1.3 million tenge ($2.8 billion) to start their own businesses. With this initiative, new sewing workshops, bakeries, beauty salons, dairy and other industries began operating.

In March, Kazakhstan launched a preferential lending program at 2.5% interest for young people aged 21 to 35 who wanted to start their own businesses or were already engaged in entrepreneurship. As a result, 5,400 business projects were approved at a value of 25.4 billion tenge ($55.7 million).

From Jan. 1, Kazakhstan continued to gradually increase wages for about 600,000 civil servants of certain categories by an average of 20% annually. By 2025, their salaries are expected to double.

In particular, salaries for specific groups, such as teachers and medical specialists, were increased, and additional payments were established for high-risk professions, such as rescuers.

Starting Jan. 1, the amounts of all benefits paid from the state budget were increased by 8.5%, benefiting approximately two million recipients. Over 1.1 trillion tenge ($2.4 billion) was allocated for these payments.

As of Dec. 1, there were 2.3 million pensioners in Kazakhstan, and over 3 trillion tenge ($6.5 billion) has been allocated for pension payments since Jan. 1. Joint pensions experienced a growth of 10.5%.

At the initiative of President Kassym-Jomart Tokayev, the implementation mechanism for the National Fund for Children has been developed, with necessary legislative amendments adopted.

Starting Jan. 1 next year, 50% of the National Fund’s investment income will be distributed among all children under the age of 18. These funds can be used for educational purposes or purchasing housing.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter, Facebook, Instagram, Telegram, YouTube and Tiktok!