Government considers issues of economic liberalisation and privatisation rates

Prime Minister Olzhas Bektenov held a meeting on economic liberalisation and privatisation, El.kz cites primeminister.kz.

Reduction of state participation in economic processes and expansion of competition is implemented within the framework of the relevant Presidential Decree.

The progress of implementation of the Comprehensive Privatisation Plan for 2021-2025 was reviewed and measures to improve efficiency were discussed.

The revision and updating of the data of the State Property Register was completed. As part of further improvement of the privatisation process, amendments were made to the rules for the sale of objects, including the introduction of an ‘electronic wallet’ to ensure guarantee fees, an increase in the time for submitting bids for participation in the auction, as well as the publication of notices of sale on additional resources. In addition, amendments to the Law ‘On State Property’ have been developed to abandon direct sales and transfer property exclusively through auctions. To ensure transparency of the mechanism of land allocation, 100% of agricultural land has been digitised, except for desert and semi-desert areas.

To date, amendments have been made to administrative legislation aimed at protecting businesses from unjustified interference.

According to the Ministry of Finance, currently 392 objects of state property and quasi-public sector for the amount of 918.3 billion tenge have been transferred to the competitive environment, 69 objects are directed for reorganisation/liquidation. In addition, 21 objects are on auction and 155 on pre-sale preparation.

Following the results of the meeting, the Prime Minister instructed to intensify work on liberalisation of the economy, including by expanding the covered areas.

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