Jan-Sep 2009 results reflect efficiency of anti-crisis measures

ASTANA.  October 22. KAZINFORM /Zhan Kozhamkulov/ The other day the Government of Kazakhstan summed up results of the country's development in January-September, 2009. Analyzing the situation we can say that we have all grounds for cautious optimism.

At the moment Kazakhstan demonstrates signs of recovery. The Government's anti-crisis policy showed it efficiency due to which none of the pessimistic forecasts without mentioning catastrophic scenarios was confirmed.

Giving a lecture at the Al-Farabi Kazakh National university Head of the State Nursultan Nazarbayev said: "The current crisis is a new level phenomenon. The whole world was covered with it. The losses of the global economy are estimated at USD 3.5 trln. In these conditions our decisions were quite right and timely". Kazakhstan shows the signs of economic renovation indeed. This could be reached due to two factors primarily - timely allocation of funds for financing economy and authorities' hard work. The country adopted a package of stabilization measures and the National fund has allotted additional USD 10 bln for this aim.

In accordance with the president's instruction, the Government's efforts were directed to prevention of unemployment and social protection of the jobless people. Thus, the country has increased its social commitments and defined priority investment projects. Road Map program and Strategy of Regional Employment were adopted.

As a result, in the 3rd quarter of 2009 unemployment made 6.3% countrywide that is 0.1% less than in the same period in 2008.  In August the number of employed people was 8.1 mln that is 186, 700 people more than in 2008. In this view the president highlighted that due to the anti-crisis measures the unemployment rate was reduced by 6% while in many countries it rose.

About 390, 000 jobs have been created in this period countrywide. 258, 000 of them were provided within the Road Map, and 132, 000 - within other programs.

Besides, real income of the population, wages and social benefits keeps growing amid inflation slowdown. On Jan 1, 2009 the size of minimum wage was fixed at KZT 13, 470 (12% higher than in 2008). Since Jul 1 it has been raised up to 13, 717. Alongside, the wages of public sector employees rose by 25%, pension payments were raised by 22-30%. Basic pension payments were increased up to KZT 5, 487, public welfare benefits rose by 12% in average. The minimum size of pension makes KZT 15, 362 since July 1, 2009 and the maximum pension is KZT 32, 220.

Commenting on the situation Prime Minister Karim Massimov said: "Despite the economic slowdown we could avoid catastrophic consequences of the crisis due to the operative measures in this period". In addition, K. Massimov determined three major directions of Cabinet's actions in future: "Control, quality and personnel training - three priorities for us", the PM noted in his speech at the plenary session of the Majilis yesterday.

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