Finance Minister on role of state-run enterprises in Kazakhstan’s economy

 Issues related to the share of state-run enterprises in the country’s economy were covered in the Professional Talk TV show hosted by Ms. Zhannat Yertlessova. The country’s Finance Minister Bakhyt Sultanov was the guest of honor.

According to Ms. Yertlessova, there is no official data on the share of state-owned enterprises in the country’s GDP. Agreeing with her, the country’s Finance Minister said that “according to estimates, the share of government-owned enterprises stands at around 40% (…) to streamline the role of the Government in the economy, national companies are now selling their non-core assets”.

“The main aim of privatization efforts is to reduce the share of the government in the economy (…) out of 200 000 enterprises based in Kazakhstan, government-owned businesses make up around 9 000 (…) there are many state-run enterprises in the housing management and utilities (…) out of the 9 000 around 861 are to be privatized shortly, with another 300 enterprises to be closed down”, the Minister said.

More details on the share of government-owned enterprises in the Kazakhstan’s economy can be found in the Professional Talk TV show to be on air on STV at 20:30 local time today.