Kazakh government and National Bank to develop action plan to cut inflation to 9-11%The government of Kazakhstan, together with the National Bank, will prepare a comprehensive action plan to reduce inflation to 9-11%, the government's press service reported.According to the press service, Prime Minister Olzhas Bektenov held a meeting on Wednesday regarding the implementation of presidential instructions given at an expanded government meeting that took place a day before.Speaking at the meeting, Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said that reducing inflation is considered a key condition for improving citizens' welfare."A plan to reduce inflation to 9-11% will be prepared jointly with the National Bank," according to a statement distributed following the meeting.Additionally, a program to increase population income for 2026-2029 is planned to be approved by May 1.On Tuesday, Kazakh President Kassym-Jomart Tokayev ordered the government and the National Bank to take measures to reduce inflation in the next three years."The government and the National Bank must jointly develop a step-by-step action plan. All relevant agencies and the expert community must be involved in this critically important work. I reiterate: we urgently need to reverse the unfavorable trend and take concrete measures to reduce inflation within three years. We must ensure the high-quality execution of this joint program," the president Tokayev.The head of state stressed that attempts to merely "talk away" the problem through discussions or the creation of superfluous "roadmaps" would be "regarded as an evasion of responsibility.""I warn you in advance: in such cases, strict measures will be taken. Only specific indicators that lead to an increase in real incomes will be recognized as results," Tokayev said.As immediate priorities, he noted that the government must ensure stable and acceptable inflation levels, maintain balanced public finances, and fully execute the new cycle of investment initiatives. (ICE ALMATY)

Fonte notizia: INTERFAX