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India pledges billions for farmers in 'populist' budget
India pledges billions for farmers in 'populist' budget

India’s government pledged billions of dollars to help struggling farmers and boost the rural economy as it unveiled its annual budget.

India pledges billions for farmers in 'populist' budget
Yerbolat Dossayev ©Central Communiations Service under the President of the Republic of Kazakhstan
Kazakhstan revises 2015 inflation rate forecast

Minister of National Economy Yerbolat Dossayev announced the increase of inflation corridor from 6-8 percent to 8-10 percent for 2015.

Kazakhstan revises 2015 inflation rate forecast
Spain backs France's decision to miss EU deficit target
Spain backs France's decision to miss EU deficit target

Spain backed France's decision to let EU deficit obligations slide in order to step up spending on security in the wake of the Paris terror attacks.

Spain backs France's decision to miss EU deficit target
Obama vetoes $612 bn defense bill citing Gitmo, 'gimmicks'
Obama vetoes $612 bn defense bill citing Gitmo, 'gimmicks'

US President Barack Obama vetoed a $612 billion defense spending bill, saying it prevented the closure of Guantanamo Bay prison and wasted money on unwanted programs.

Obama vetoes $612 bn defense bill citing Gitmo, 'gimmicks'
Photo © Turar Kazangapov
Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science

Teachers’ salaries will be increased by 20-50% depending on the qualifications.

Teachers to get 50% salary raise in 2016: Kazakhstan Minister of Education and Science
Photo © Akorda press office
Nazarbayev instructs government to cut back expenses

Nursultan Nazarbayev has instructed the government and Akims (Mayors) to cut back expenses where possible.

Nazarbayev instructs government to cut back expenses
Photo © Turar Kazangapov
Nazarbayev criticises EXPO-2017 preparations

President of Kazakhstan Nursultan Nazarbayev has criticized the preparations for the upcoming EXPO-2017 in Astana and urged to draw on the experience of Lisbon and Shanghai.

Nazarbayev criticises EXPO-2017 preparations
Ministry of Internal Affairs of Kazakhstan ©Marat Abilov
Kazakh ministries see their budgets cut

As part of state-wide austerity measures, Kazakhstan cuts expenditures of its ministries.

Kazakh ministries see their budgets cut
Photo courtesy of raznesi.info
Kazakhstan budget may lose $5 bln in revenues

The budget revenues of Kazakhstan may be $5 bln short of target if the oil prices stay at $50 per barrel in 2015.

Kazakhstan budget may lose $5 bln in revenues
The Central Election Commission of the Republic of Kazakhstan ©Turar Kazangapov
Cost of presidential election in Kazakhstan - 5 billion tenge

Minister of National Economy of Kazakhstan Yerbolat Dossayev said that the government envisioned spending 5 bln tenge on the presidential election next year.

Cost of presidential election in Kazakhstan - 5 billion tenge
©Tengrinews illustration
Kazakhstan cuts state expenditures by 10 percent

President of Kazakhstan Nursultan Nazarbayev has ordered to reduce government spending by 700 billion tenge ($3.78 billion).

Kazakhstan cuts state expenditures by 10 percent
©argumentua.com
Kazakh budget revised amidst dropping oil prices

Kazakhstan is revising its budget because of the falling global oil prices.

Kazakh budget revised amidst dropping oil prices
Photo courtesy of BNews.kz
Astana and Almaty avail of government investments

Astana, Almaty and Almaty Oblast receive the largest portion of the public investments in Kazakhstan.

Astana and Almaty avail of government investments
Photo © RIA Novosti
Kazakh National Fund grows despite drop in oil prices: Minister of Finance

Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.

Kazakh National Fund grows despite drop in oil prices: Minister of Finance
International Monetary Fund (IMF) Managing Director Christine Lagarde. ©REUTERS
IMF policies criticised over Ebola outbreak

IMF policies left healthcare systems in the African countries worst affected by Ebola underfunded and lacking doctors, and hampered a coordinated response to the outbreak.

IMF policies criticised over Ebola outbreak
Tengrinews.kz stock photo ©
Kazakhstan has no plans to revisit its budget: National Economy Minister

No, we will not be holding any consultations with Russia. Kazakhstan has been pursuing its own monetary policy, he said among other things.

Kazakhstan has no plans to revisit its budget: National Economy Minister
Photo courtesy of complianceblog.ru
Study says countries lost $1 trillion to corruption in 2012

A global anti-corruption group said that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption.

Study says countries lost $1 trillion to corruption in 2012
Venezuela to slash budget after OPEC steadies output
Venezuela to slash budget after OPEC steadies output

Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

Venezuela to slash budget after OPEC steadies output
©REUTERS
Money from National Fund to help out Kazakh economy

Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.

Money from National Fund to help out Kazakh economy
©REUTERS
Minister of National Economy says $2.3bln budget deficit awaits Kazakhstan

The Minister of National Economy of Kazakhstan Yerbolat Dosayev spoke about the changes to the national budget due to reduced economic growth and negative external factors.

Minister of National Economy says $2.3bln budget deficit awaits Kazakhstan