Digital Tenge to Ensure Transparent Oversight of Projects Funded by the National Fund and State Budget
The Government is strengthening control over the targeted use of budget funds. Prime Minister Olzhas Bektenov announced this during a briefing with journalists, primeminister.kz reports.
As part of the President’s instructions, the digital tenge is being integrated into budgetary processes. To date, 257.5 billion digital tenge has been issued into circulation. The platform is currently in pilot industrial operation, with its full-scale launch planned for December of this year.
In the near future, we must identify at least 100 major projects financed from the budget and the National Fund, include them in the ‘Digital Tenge’ project, and then we will have transparent visibility of where every tenge goes. Personally, I have high hopes for the digitalization of budget fund utilization. This will allow us to spend money more efficiently," Olzhas Bektenov said.
The Prime Minister listed several infrastructure initiatives that could be included in the "Digital Tenge" project.
We have many projects being implemented through the National Fund. For example, we plan to begin construction of the ‘Bakhty-Ayagoz’ railway branch this year. Most likely, we will include this project. Then we are building the ‘Center-West’ highway - that one too will be included. I believe we should start with such high-profile projects, as they involve the largest volumes of funds, and we are interested in ensuring they are spent transparently and strictly for their intended purposes," the Prime Minister emphasized.
Currently, the digital tenge is already being used in several areas. In particular, digital VAT has reduced the tax refund period from 75 to 5 working days. The tagging of funds for road repairs has been piloted on the "Pavlodar-Atyrau" and "Mukyr-Kulsary" projects.
The application of digital tenge is also being considered in other areas: real estate and vehicle transactions, school meals, procurement of high-value goods, and state credit tools in the agro-industrial sector.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
relevant news
Kazakhstan produces over 1mn tons of meat in 11M2025
Kazakhstan’s livestock industry is showing steady growth across all key areas, Qazinform News Agency learned from the Ministry of Agriculture.
Positive dynamics is observed both in the number of farm animals and in the volume of products manufactured.
The cattle population increased by 2.7% to reach 8.3 million head. The number of calves rose to 2.8 million, which is 17.8% more compared to the same period last year.
The horse population grew by 6.9% to 4.4 million head, with 1 million foals born (an increase of 8.8%).
The number of camels rose by 6.3% to 300 thousand head, with 53.8 thousand camel calves (+5.9%).
The poultry population increased by 8.8% to 48.5 million head.
The sheep population reached 19.6 million head, with 7.7 million lambs born, showing a 5% increase.
During the reporting period, the country produced 1,021.6 thousand tons of meat of all types, which is 3% higher than in 2024. This includes: 358.8 thousand tons of beef (351.4 thousand tons in 2024), 111.8 thousand tons of mutton (109.1 thousand tons), 146.8 thousand tons of horse meat (140 thousand tons), 337.1 thousand tons of poultry meat (326.3 thousand tons), and others.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
President Tokayev Meets with Shingo Ueno, President and CEO of Sumitomo Corporation
Images | akorda.kz
President Kassym-Jomart Tokayev held a meeting with Shingo Ueno, Representative Director, President and CEO of Sumitomo Corporation, one of Japan’s largest and most influential trading and investment companies, akorda.kz reports.
The President of Kazakhstan noted that our country highly values Sumitomo’s commitment to sustainable growth and responsible business practices, and considers the company a long-term strategic partner.
In turn, Shingo Ueno informed the Head of State about the preparation of a joint project with the national atomic company Kazatomprom in the field of nuclear medicine. The project aims to develop scientifically grounded approaches to the production of medical radioisotopes from by-products of uranium manufacturing.
The interlocutors also discussed prospects for implementing joint investment projects in transportation and logistics, energy, nuclear industry, metallurgy and geological exploration.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026
Images | kaztransoil.kz
KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026. A working meeting between delegations of JSC KazTransOil and PJSC Transneft was held today in Astana, kaztransoil.kz reports.
During the meeting, the parties discussed key issues of bilateral cooperation and signed an agreement for the provision of services for the transit transportation of oil through the territory of the Russian Federation for 2026.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.