London Daily

Focus on the big picture.
Friday, Nov 28, 2025

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
250 Still Missing in the Massive Fire, 94 Killed. One Day After the Disaster: Survivor Rescued on the 16th Floor
Trump: National Guard Soldier Who Was Shot in Washington Has Died; Second Soldier Fighting for His Life
UK Chancellor Reeves Defends Tax Rises as Essential to Reduce Child Poverty and Stabilise Public Finances
No Evidence Found for Claim That UK Schools Are Shifting to Teaching American English
European Powers Urge Israel to Halt West Bank Settler Violence Amid Surge in Attacks
"I Would Have Given Her a Kidney": She Lent Bezos’s Ex-Wife $1,000 — and Received Millions in Return
European States Approve First-ever Military-Grade Surveillance Network via ESA
UK to Slash Key Pension Tax Perk, Targeting High Earners Under New Budget
UK Government Announces £150 Annual Cut to Household Energy Bills Through Levy Reforms
UK Court Hears Challenge to Ban on Palestine Action as Critics Decry Heavy-Handed Measures
Investors Rush Into UK Gilts and Sterling After Budget Eases Fiscal Concerns
UK to Raise Online Betting Taxes by £1.1 Billion Under New Budget — Firms Warn of Fallout
Lamine Yamal? The ‘Heir to Messi’ Lost to Barcelona — and the Kingdom Is in a Frenzy
Warner Music Group Drops Suit Against Suno, Launches Licensed AI-Music Deal
HP to Cut up to 6,000 Jobs Globally as It Ramps Up AI Integration
MediaWorld Sold iPad Air for €15 — Then Asked Customers to Return Them or Pay More
UK Prime Minister Sir Keir Starmer Promises ‘Full-Time’ Education for All Children as School Attendance Slips
UK Extends Sugar Tax to Sweetened Milkshakes and Lattes in 2028 Health Push
UK Government Backs £49 Billion Plan for Heathrow Third Runway and Expansion
UK Gambling Firms Report £1bn Surge in Annual Profits as Pressure Mounts for Higher Betting Taxes
UK Shares Advance Ahead of Budget as Financials and Consumer Staples Lead Gains
Domino’s UK CEO Andrew Rennie Steps Down Amid Strategic Reset
UK Economy Stalls as Reeves Faces First Budget Test
UK Economy’s Weak Start Adds Pressure on Prime Minister Starmer
UK Government Acknowledges Billionaire Exodus Amid Tax Rise Concerns
UK Budget 2025: Markets Brace as Chancellor Faces Fiscal Tightrope
UK Unveils Strategic Plan to Secure Critical Mineral Supply Chains
UK Taskforce Calls for Radical Reset of Nuclear Regulation to Cut Costs and Accelerate Build
UK Government Launches Consultation on Major Overhaul of Settlement Rules
Google Struggles to Meet AI Demand as Infrastructure, Energy and Supply-Chain Gaps Deepen
Car Parts Leader Warns Europe Faces Heavy Job Losses in ‘Darwinian’ Auto Shake-Out
Arsenal Move Six Points Clear After Eze’s Historic Hat-Trick in Derby Rout
Wealthy New Yorkers Weigh Second Homes as the ‘Mamdani Effect’ Ripples Through Luxury Markets
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
UK Unveils Critical-Minerals Strategy to Break China Supply-Chain Grip
Taylor Swift’s “The Fate of Ophelia” Extends U.K. No. 1 Run to Five Weeks
UK VPN Sign-Ups Surge by Over 1,400 % as Age-Verification Law Takes Effect
Former MEP Nathan Gill Jailed for Over Ten Years After Taking Pro-Russia Bribes
Majority of UK Entrepreneurs Regard Government as ‘Anti-Business’, Survey Shows
UK’s Starmer and US President Trump Align as Geneva Talks Probe Ukraine Peace Plan
UK Prime Minister Signals Former Prince Andrew Should Testify to US Epstein Inquiry
Royal Navy Deploys HMS Severn to Shadow Russian Corvette and Tanker Off UK Coast
China’s Wedding Boom: Nightclubs, Mountains and a Demographic Reset
Fugees Founding Member Pras Michel Sentenced to 14 Years in High-Profile US Foreign Influence Case
WhatsApp’s Unexpected Rise Reshapes American Messaging Habits
United States: Judge Dressed Up as Elvis During Hearings – and Was Forced to Resign
Johnson Blasts ‘Incoherent’ Covid Inquiry Findings Amid Report’s Harsh Critique of His Government
Lord Rothermere Secures £500 Million Deal to Acquire Telegraph Titles
Maduro Tightens Security Measures as U.S. Strike Threat Intensifies
U.S. Envoys Deliver Ultimatum to Ukraine: Sign Peace Deal by Thursday or Risk Losing American Support
×