London Daily

Focus on the big picture.
Tuesday, Jul 14, 2026

Kazakhstan demands elites pay into public purse

Kazakhstan demands elites pay into public purse

Embattled leader says cash will be used for social spending
Kazakh President Kassym-Jomart Tokayev has announced the creation of a new “national fund” that wealthy citizens, including those who got rich under former president Nursultan Nazarbayev, will be required to contribute to.

He revealed the plan on Tuesday in an appearance before the nation’s parliament, saying the fund will be named “For the People of Kazakhstan” and will be used “to solve real problems in the areas of health care, education, and social services.”

Tokayev said he expects “meaningful and regular contributions to the fund on the part of businesses,” adding, “Thanks to the first president [Nazarbayev], there is a group of very profitable companies in the country and a layer of people who are rich even by international standards. I think that the time has come to pay back the people of Kazakhstan and help them on a systematic, regular basis.”

The president ordered the government to put together a list of eligible companies and to determine a sum that will be paid annually into the fund. He also announced the creation of a program designed to raise salaries in Kazakhstan.

Tokayev had previously announced a five-year moratorium on raising salaries among government employees and regional leaders, saying he thought they earned enough already.

The new initiatives come as Kazakhstan has been shaken by large-scale protests, with thousands taking to the streets in early January to protest the removal of price controls on liquified petroleum gas, as well as widespread economic inequality.

The demonstrations turned violent in places, and on January 5 Tokayev declared a state of emergency and asked for assistance from peacekeeping forces from the Collective Security Treaty Organization, an alliance led by Russia.

On Tuesday, the president announced that the forces had accomplished their mission and would begin exiting the country this week. Kazakhstan’s interior ministry reported on Monday that nearly 8,000 people had been detained during the protests, and health officials said 164 people had been killed, including three children.

Nazarbayev, who ruled the country for nearly three decades, pursued a policy of market liberalization and attracting foreign investment, which saw a small number of Kazakhs grow very wealthy. However, living standards for the majority of the country’s population have remained low, and analysts have noted this inequality as a major contributing force in the recent protests.

Nazarbayev resigned from office in 2019 and was succeeded by Tokayev, a close ally. However, the former leader was named chairman of the Security Council of Kazakhstan, a constitutional advisory body, and many thought he was holding onto power despite formally resigning. Last week, though, he was removed from this post and replaced by the current president.
Newsletter

Related Articles

0:00
0:00
Close
Beer Industry Warns UK Rules Could Limit Growth of Alcohol-Free Market
Home Office Faces Legal Challenges Over Asylum Seeker Accommodation Closures
UK Heatwaves Linked to More Than Two Thousand Seven Hundred Deaths as Climate Debate Intensifies
Home Secretary Faces Pressure Over Political Security After Ann Widdecombe Murder Investigation
United Kingdom Opens Trade Consultation With Indonesia, Philippines, United Arab Emirates and Uruguay
Robert Jenrick Joins Reform UK After Leaving Conservative Party Leadership Role
Counter-Terrorism Police Take Over Investigation into Murder of Former MP Ann Widdecombe
Andy Burnham Secures Strong Labour Backing in Race to Succeed Keir Starmer
Global Markets Slide as Middle East Conflict Escalation Sends Oil Prices Higher
UK Prime Minister Keir Starmer Offers Condolences Following Death of Qatar’s Father Amir
UK Regional Innovation Policy Focuses on Research Clusters Across Scotland, Wales, and Northern England
UK Corporate Transparency Rules Set to Become More Strict Under Modern Slavery Reform Plans
UK Civil Service Estate Strategy Shifts Government Activity Away From London
UK Strengthens National Security Powers Through New Threat Designations
Greater Manchester Police Conduct Drink and Drug Driving Operations After Football Events
UK Government Advances Darlington Economic Campus With Construction Milestone
UK Authorities Increase Football-Related Security Operations After Tournament Fixtures
UK Invests Fifty-One Million Pounds in National Cryogenics Facility and Regional Innovation Hubs
UK Moves Toward Tougher Modern Slavery Reporting Rules With Corporate Penalties
UK Government Reports Forty-Three Million Pounds in Savings From Office Estate Reform
UK Government Expands Civil Service Regional Strategy With Manchester and Darlington Campus Projects
UK Designates Iran’s Islamic Revolutionary Guard Corps as National Security Threat
United Kingdom Financial Markets Monitor Business Response to Economic Policy Changes
Scottish Renewable Energy Expansion Highlights Need for Faster Grid Development
Wales and Regions Strengthen Focus on Economic Development Through Tourism and Investment
Retail Industry Warns High Street Businesses Remain Under Pressure
Police Chiefs Highlight Growing Challenges Managing Protests and Public Order
Agriculture Leaders Seek Clarity on Post-Brexit Farming Support and Environmental Rules
Transport Unions Warn of Further Industrial Action Over Pay and Working Conditions
Welsh Tourism Sector Reports Strong Growth Driven by Domestic and International Visitors
National Infrastructure Review Gains Support as Leaders Seek Faster Project Delivery
Financial Markets Assess Impact of United Kingdom Corporate Tax Policy Changes
Northern Ireland Assembly Debates Cross-Border Trade and Infrastructure Cooperation Plans
Government Opens Consultations on Housing Reform and Planning System Changes
Scottish Government Faces Pressure to Accelerate Offshore Wind and Grid Expansion
National Energy System Operator Warns Grid Investment Is Needed for Future Electricity Demand Growth
United Kingdom Research Council Invests in Artificial Intelligence and Biotechnology Innovation Hubs
United Kingdom Expands Oversight of Skilled Worker Visa Sponsors Amid Migration Debate
Cross-Party MPs Call for National Infrastructure Strategy Review to Accelerate Economic Growth
Prime Minister Announces One Billion Pound NHS Funding Package Ahead of Winter Pressures
Bank of England Signals Cautious Approach to Interest Rates as Inflation Remains Above Forecasts
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Netflix Weighs Always-On Channels, Bundles and Short-Form Video
Passenger Is Pulled Partly Outside Ryanair Jet After Window Fails Mid-Flight
Innovation-led growth strategy
Public service reform pressure
Defence and industrial security
Labour leadership transition and economic reset
Northern England Pushes for Greater Influence in Britain’s Future Economic Model
UK Technology Strategy Focuses on Life Sciences, Digital Innovation and Research Investment
×