Kazakh President Sacks Government Over Economic Failures

Kazakh President Sacks Government Over Economic Failures

Ex-Soviet Kazakhstan’s President Nursultan Nazarbayev dismissed the government on Thursday, complaining that “positive changes were not achieved” in the oil-rich state’s economy. “In many areas of the economy, despite the adoption of many laws and government decisions, positive changes have not been achieved,” the long-ruling Nazarbayev said in a statement on the presidential website. While some ministers and deputy ministers are likely to be reinstated, the decision marks the end of Bakytzhan Sagintayev’s premiership, which began in 2016.

Nazarbayev’s statement comes amid rising dissatisfaction in Kazakhstan, whose commodity-dependent economy has struggled to recover from a 2014 plunge in oil prices and Western sanctions against key trade partner Russia. “GDP growth is mainly achieved due to raw materials,” Nazarbayev said. “But the government together with the National Bank did not manage to fully create real incentives and tools for high-quality growth of the economy.”

Nazarbayev also criticised the government for failing to realise government programmes aimed at boosting living standards. “The real incomes of the population haven't accumulated. The share of food expenses within the family budget is growing,” he said.