Kazakhstan to Decide on Minimum Wage Increase by Year-End
This digest was compiled by AI from multiple sources — links to the originals are below.
Kazakhstan plans to finalize the methodology for raising the minimum wage by the end of the year, according to Labor Minister Askarbek Yertayev. The increase to 150,000 tenge is set for consideration by 2026. This decision comes even as economic challenges persist.
Government Action Plan
Labor Minister Askarbek Yertayev stated that the plan to raise the minimum wage to 150,000 tenge is part of the government's action plan. The methodology for calculating the new minimum wage is expected to be determined by the end of the year. This initiative is included in the government's timeline for economic reforms.
Economic Context
Kazakhstan faces ongoing economic challenges, including inflation and currency fluctuations. The proposed wage increase aims to address the cost of living concerns. The current minimum wage stands at 70,000 tenge, highlighting the significant proposed increase.
Deputy PM Denies Minimum Wage Increase
Deputy Prime Minister and Minister of National Economy Serik Zhumangarin stated that there are currently no plans to raise the minimum wage to 90,000 tenge. This contradicts earlier proposals discussed in the government. The statement was made during a government briefing.
What's Next
The government is expected to announce the new calculation methodology by December. It remains unclear how the proposed increase will impact inflation and employment rates.
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Kazakhstan to Decide on Minimum Wage Increase by Year-End
