Astana and Almaty avail of government investments25 december 2014, 13:50
Kazakhstani rating agency Ranking.kz published a report on capital investments made by the Kazakh government region-wise.
Overall Kazakhstan’s public sector invested 42% most funds this year: During January-November 2014 $6.5 billion were invested in contrast to $4.3 billion invested during the same period last year.
The largest portion of public investments - 14.4% of all the investments made by the government - went to Astana ($907 million), 11.6% went to Almaty ($734 million) and 11.3% went to Almaty Oblast ($710 million).
South Kazakhstan Oblast also got a large portion of investments - 11.0% - and it is also the region most depended on state funding in Kazakhstan - 34.1% of its investments came from the state budget. The region received $692 million.
In Almaty Oblast, the region with the second largest dependence on the state financing for investments, government funds were responsible for 32.6% of all the investments in the region. Akmola Oblast in central Kazakhstan got 31.4% of its investments from the government.
In the meanwhile, oil-bearing western regions of Kazakhstan - Atyrau Oblast and Mangystau Oblast - received only 3.7% and 8.5% of their investments from the budget, all the rest came from private sources. They share in the government investment pool was also small - 3.1% and 3.4% respectively.
Atyrau Oblast, also in Kazakstan's oil west, and North Kazakhstan Oblast that produces most of Kazakhstan's wheat, got the smallest portions of the government investment pool - 3.1% and 1.7%. But for the latter even this small amount constituted 19.5% of its total investments.
Writing by Gyuzel Kamalova, editing by Tatyana Kuzmina