Economist Names Kazakhstan Regions Lagging in Investment Transparency
Photo: elements.envato.com
Ten regions of Kazakhstan showed a high level of transparency in investment planning, while the rest are lagging behind, economist Ruslan Sultanov says, Orda.kz reports.
Economist Ruslan Sultanov compiled a ranking of Kazakhstan’s regions by transparency and openness in investment planning based on open akimat data and published planning documents.
Starting this year, regional authorities are required to submit the same investment-related documents as the republican government. These include three key documents: a development plan, an investment plan, and maps of priority zones.
As Sultanov explains, each region is expected to report not only general investment goals, but also specific projects, the territories where they will be implemented, and their sources of financing. This requirement is set out in the new version of the Budget Code.
In practice, however, not all regions have published the full set of required documents. According to Sultanov, the akimats of Almaty city and Ulytau region have not published them. In Karaganda region, the documents are available on the website of the regional department of economy and budget planning.
There are no investment plans published for Aktobe, East Kazakhstan, Pavlodar, and Mangystau regions, or for Astana and Shymkent. Maps of priority zones have not been published by Akmola, Aktobe, East Kazakhstan, and Pavlodar regions, or by Astana and Shymkent.
Ten regions showed a high level of investment transparency: Almaty region, Atyrau, Zhambyl, West Kazakhstan, Kostanay, Kyzylorda, North Kazakhstan, and Turkestan regions, as well as Abay and Zhetysu regions.
Sultanov says investment transparency across the regions remains uneven.
Not all akimats disclose the full chain from goals to projects, territories, and financing. As a result, comparability and accountability are reduced, while transparency becomes a key condition for the effectiveness of the entire planning system. the economist concludes.
Original author: Alexey Afonsky
Read also:
Latest news
- Kazakhstan Moves To Ban Imports Of Radioactive Waste
- The Government Says It Has A Plan To Raise Kazakhstanis’ Incomes
- Kazakh Bloggers May Be Fined For Unofficial Political Endorsements
- Kazakhstan’s Average Salary Rose, But Real Incomes Continued To Fall
- KNB Special Forces Bring Four Terrorism Suspects Back To Kazakhstan By Plane
- German Police Open Case Against Fugitive Ex-Prosecutor Duissenov
- Kazakhstani Meat Exports Remain Competitive Despite Uzbekistan’s Subsidies
- Kazakhstan’s Real Estate Market Showed Signs Of Recovery In April
- Fuel And Ore Theft Schemes Uncovered At Kazakhmys Facilities
- Goods Marked “Made In Kazakhstan” To Get Priority Placement On Marketplaces
- Ecology Ministry Explains 13 Million Tenge Fine For Picking Dandelions
- Kazakhstan Refineries Increase Oil Processing Depth To 90%
- High Rates No Longer Keep Kazakh Banks’ Profits Rising, Analysts Say
- Almaty Health Officials Prepare for Possible Hantavirus Cases
- Ministry Says Saiga Deaths Remain Within Natural Limits
- Kazakhstan Faces Shortage of Doctors and IT Specialists
- Kazakhstan Petition Calls for VAT Removal on Feminine Hygiene Products
- Kazakhstan to Publish Register of Convicted Economic Crime Offenders
- Kazakhstan’s Economy Grew 3.6% in Four Months
- Shymkent Colleges Used Fictitious Students to Steal Over 1.3 Billion Tenge
