11.12.2008, 10:34 2209

GDP growth in Kazakhstan to be 5 %

The President of Kazakhstan, Nursultan Nazarbayev, during the meeting with chairmen of diplomatic representatives accredited in Kazakhstan said on Wednesday that, following the results of the year, GDP growth in Kazakhstan will total about 5 %, the agency reports.

Astana. December 11. Kazakhstan Today - The President of Kazakhstan, Nursultan Nazarbayev, during the meeting with chairmen of diplomatic representatives accredited in Kazakhstan said on Wednesday that, following the results of the year, GDP growth in Kazakhstan will total about 5 %, the agency reports.

"We expect that, following the results of the year, growth of our economy will reach about 5 % and unemployment will not exceed 7 %," N. Nazarbayev said.

He reminded that total amount of international reserves and the assets of the National Fund is about $48 million.

"The ratio of the level of gold and exchange currency reserves and external debt is stable at low deficit of the budget at the level of 2.1 % of GDP," the President noted. "For our population of 15 million people it is a very significant figure. All this provides the economy of Kazakhstan a safety factor," N. Nazarbayev considers.

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