Nation

Tokayev Urges Higher Taxes on Wealthy, Calls on Banks to Boost Business Lending

By Ayana Birbayeva  on 28 October 2026

ASTANA – Kazakhstan should consider raising taxes on wealthy individuals, revise parts of its new Tax Code to address business concerns, and encourage banks to provide more long-term loans to businesses, President Kassym-Jomart Tokayev said in his annual state-of-the-nation address on Oct. 28. Tokayev outlined priorities for macroeconomic policy,...