Kazakhstan takes measures to ensure macroeconomic stability, mitigate negative effects of economic reforms

On October 16, a Government meeting discussed the implementation of the President’s instruction on streamlining the course of the economic reform program in the interests of citizens.

The meeting adopted the following decisions.

1. Starting from October 16, a moratorium is introduced on further increases in prices for AI-92 gasoline and diesel fuel until inflation stabilizes.
2. Starting from October 16, the increase in utility tariffs for all consumer groups is suspended until the end of the first quarter of 2026. To prevent price increases for socially significant food products, the work of stabilization funds will be intensified by doubling the financing for domestic agricultural producers, which will, in turn, reduce the cost of socially significant goods.
3. To reduce the negative impact of the new Tax Code on small and medium-sized businesses, it was decided to eliminate excessive restrictions on the use of the special tax regime based on a simplified declaration. From January 1, 2026, tax administration will be conducted “from a clean slate,” which provides the following measures for micro and small businesses: elimination of tax audits; elimination of desk (cameral) control; cancellation of lawsuits seeking to invalidate transactions; cancellation of lawsuits seeking to invalidate registration or re-registration. Tax penalties and fines will be written off if the principal amount of tax debt is repaid by April 1, 2026.
4. Against the backdrop of a reduction in mortgage programs offered by second-tier banks due to the increase in the base rate, a decision has been made to support the housing savings system. For this purpose, the volume of affordable mortgage lending for the population will be doubled, which will improve access to housing. This measure will be implemented through the existing “Nauryz” and “Nauryz-Zhumysker” programs by increasing total lending volumes to 500 billion tenge. In addition, the popular “Military Housing” program will be relaunched, enabling at least seven thousand military families per year to purchase apartments on the secondary housing market.
5. Domestic car manufacturers and second-tier banks will continue financing programs for the purchase of passenger vehicles by the population. A leasing mechanism for individuals to purchase passenger vehicles is being introduced, expanding citizens’ opportunities to acquire cars.