In a society where life is becoming increasingly difficult, is government assistance sufficient for the people? What is the inflation rate? Will the prices of daily foodstuffs stabilize? I tried to find answers to these questions.
At the closing ceremony of the Year of Youth in 2019, President of Kazakhstan Kassym-Zhomart Tokayev:
“I know that the most important question for you is about scholarships. Yes, the scholarship has not been increased since 2016. He had his own reasons. Therefore, from January 1, 2020, I have decided to increase the scholarships for undergraduate, graduate and doctoral students by 25%. This event will cover 130 thousand people. This will be a good support for our students, ”he said. In fact, the situation of students is worse than the statistics of 10 years ago.
2012. 15,235 tenge 101.40 dollars
2013. 15,235 tenge 99.1 dollars. ⠀
2014. 16,759 tenge 92.6 dollars. ⠀
2015. 16 759 tenge 54.51 dollars. ⠀
2016. 20,949 tenge 61.35 dollars. ⠀
2017. 20,949 tenge 63.24 dollars. ⠀
2018. 20,949 tenge 56.3 dollars
2019. 20,949 tenge 54.2 dollars
2020. 20,949 tenge 49.7 dollars
2021. 26,186 tenge 61.2 dollars
2021. September. 31 423 tenge
Olzhas Toleuov (Adviser to the Governor of the National Bank): "When the tenge was introduced in November 1993, the exchange rate of 1 dollar was 4-5 tenge. But this figure remained for only 1 month. At the end of 1994, the dollar reached 50 tenge and increased by 10%. By 2000, the dollar had risen by 120-130 tenge and depreciated 30 times. The tenge's weakening was influenced by the initial economic development since independence and the economic crisis in Southeast Asia in 1997. In the 2000s, Kazakhstan's economy became dependent on raw materials due to rising oil prices. As a result, the Kazakh tenge has been directly affected by oil prices, and the market has stabilized at around 430 tenge per dollar. If we look at oil-related countries such as Norway, Russia and Canada, there is no significant difference in the exchange rate of the dollar against local currencies. "
How much is our tenge subject to inflation? ⠀
* Inflation - the devaluation of money caused by rising prices, shortages of goods and declining quality of goods and services, as well as a decrease in its purchasing power.
1995 60.39% ⠀
1996 28.89% ⠀
1997 11.32% ⠀
1998 1.88% ⠀
1999 18.09% ⠀
2000 10%
2001 6.58% ⠀
2002 6.69% ⠀
2003 7% ⠀
2004 7.01% ⠀
2005 7.87% ⠀
2006 8.40% ⠀
2007 18.77% ⠀
2008 9.48% ⠀
2009 6.38% ⠀
2010 7.97% ⠀
2011 7.43% ⠀
2012 6.06% ⠀
2013 4.90% ⠀
2014 7.54% ⠀
2015 13.53% ⠀
2016 8.29% ⠀
2017 7.22% ⠀
2018 5.43% ⠀
2019 5.43% ⠀
2020 7.5% ⠀
2021, May 7.2% ⠀
⠀
WILL THE KZT BE STABLE? ⠀
Almas Chukin (economist): "After quarantine, many countries are pouring money in to save their economies. Kazakhstan has not been left without this method. However, despite the money, there is a shortage of goods, because quarantine-limited enterprises can not meet demand. According to the laws of economics, it leads to a spike in prices and inflation, which in turn affects the pockets of ordinary people.
How much of the population's salary is spent on food? ⠀
According to Ranking.kz, ⠀
1. 65.6% of the salary of a resident of Turkestan region, ⠀
2. Mangistau region - 62.5%، ⠀
3. 3. Atyrau region - 61.5% ⠀
Areas of least consumption: ⠀⠀
1. Nur-Sultan - 44.3% ⠀
2. NKR - 45.3% ⠀
3. Kostanay region - 45.5% ⠀⠀
According to Wordatlas.com, the countries that spend the most on food from their salaries (2019) ⠀⠀⠀
1. Nigeria - 58.9% ⠀⠀⠀
2. Kenya - 52.2% ⠀⠀⠀
3. Cameroon - 45.5% ⠀⠀⠀⠀⠀
4. Kazakhstan - 42.8% (2020 - 53.2%) ⠀⠀
5. Philippines - 41.9% ⠀⠀⠀⠀⠀
LESS-SPENDING COUNTRIES (2019) ⠀⠀⠀
4. Luxembourg - 8.4% ⠀⠀⠀
5. USA - 9.5% ⠀⠀⠀⠀⠀
6. The Netherlands - 10.6%
7. Great Britain - 10.6% ⠀⠀⠀⠀⠀
8. Ireland - 11.5% ⠀
Arman Beisembayev (economist): Inflation is a global trend. Inflation is expected to fall to 5% this year in the United States, 2.3% in the European Union and 6.5% in Russia.
This will have a direct impact on import-dependent Kazakhstan. In addition to external factors, internal factors also increase prices. Undoubtedly, due to the drought, low yields of grain crops, lack of grass will lead to a 2-3-fold increase in prices for meat, flour, etc. in the fall.
Kanat Baiuzakov,
National portal "Adyrna"
