Page 21 - Azerbaijan State University of Economics

S.Baizakov, A.Tulepbekova , A.Assenova: Regulatory policy of Kazakhstan: problems and

perspectives

Thus, during the period of the RIA institute in Kazakhstan, significant
progress has been made, but there are still some problems in terms of implementing
an effective regulatory management system.
In Kazakhstan, the introduction of the principle of "smart" regulation has made
it possible to build a comprehensive system for making economic decisions based on
the interests of the whole society, to remove many administrative barriers and to
create conditions for making simple and understandable decisions. Some work has
been done to implement OECD recommendations in the field of regulatory policy.
With the positive and progressive nature of the reforms being carried out in
Kazakhstan in accordance with OECD recommendations, one of the state's strategic
goals is to ensure that by 2050 the contribution of small and medium-sized
businesses in the country's GDP is at least 50%. In this regard, the issues of
improving the business environment are under the control of the President of
State, who in his message to the people of Kazakhstan dated January 31, 2017,
"The Third Modernization of Kazakhstan: Global Competitiveness" determined the
cardinal improvement and expansion of the business environment as the second
priority of modernization.
Thus, the role of regulation is not only to reduce the administrative burden for
business, also to create mechanisms and institutions that ensure transparency and
validity of legislative acts and, overall, to improve the business climate, to reduce
government spending by reducing administrative costs, creating favorable
Investment and business climate, increasing the number of business entities,
increasing employment and the contribution of SMEs to the economy of the country.

References
“The third modernization of Kazakhstan: global competitiveness” Message of the
President of the Republic of Kazakhstan N.Nazarbayev to the people of Kazakhstan.
January 31, 2017.;

On approval of the Concept of state regulation of entrepreneurial activity until 2020.
Resolution of the Government of the Republic of Kazakhstan dated by April 18,
2014 No. 380;

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