London Daily

Focus on the big picture.
Wednesday, Oct 07, 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
Laura Trott Pledges Tighter Controls on Political Activism in UK Classrooms
Welsh Ministers Launch Long-Term Review of North Wales and Anglesey Crossings
Welsh Government Orders 18-Month Study of Road Solutions Around Newport
Reform UK MP Sarah Pochin Faces Scrutiny Over £800,000 Second Home Purchase
British Households Grow More Concerned About Fuel and Energy Prices
NHS Leaders Warn of Rising Winter Pressure on Emergency Departments
Kemi Badenoch Proposes £2.3 Billion Employer National Insurance Cut for Young Workers
Middle East Conflict Could Erase UK Fiscal Headroom, Economists Warn
Manchester City Found Guilty of Multiple Premier League Financial Rule Breaches
UK Security Services Find Strong Indications of Iranian Role in RAF Fairford Incident
Costa Coffee Returns to Operating Profit on Iced Drinks and Menu Changes
Asos Warns Customers After Unauthorized Access to Retail App and Data
Kemi Badenoch Puts Growth and Deregulation at Center of Conservative Conference
Campaigners Warn of Deepening Social Care Crisis for Disabled Adults
Study Finds Rising Early-Onset Cancer Rates Among Adults Under 50 in Britain
UK Coach Operators Warn High Diesel Prices Could Force Route Cuts
FCA Opens Independent Review Into Handling of Epstein-Linked Whistleblower Case
Argentina Vows to Block Falkland Islands Offshore Oil Development
UK Chancellor Prepares Fiscal Measures and Welfare Reforms Ahead of Autumn Budget
Sainsbury’s and Morrisons Explore Potential Multi-Billion-Pound Merger
UK Weighs Tariffs on Chinese Electric Vehicles to Align With European Union
UK Threatens Diplomatic Expulsions Over Planned Closure of East Jerusalem Consulate
UK Energy Price Cap Hits Three-Year High as Middle East Conflict Raises Costs
Seventh Arrest Made in Suspected Terror Plot at RAF Fairford
Systemic Education Collapse Sparks Mass Student Uprisings in France
Green Party Faces Backlash Over Resolution Equating Zionism With Racism
Conservatives Debate Scrapping Environmental Rules for New Homes
Cornwall Insight Warns UK Energy Bills Could Approach £2,000 This Winter
UK Coach Operators Warn of Service Cuts as Diesel Prices Exceed £2
Scottish Parliament Approves £68 Billion Budget With New Tax and Property Measures
FCA Opens Independent Review Into Handling of Epstein Whistleblower
UK Government Drops Plan to Suspend Jury Trials in England and Wales
Bank of England Holds Interest Rate at 3.75% as Markets Watch November
Two Iranian Nationals Charged Over Alleged Plot Targeting Manchester Jewish Community
UK Fiscal Headroom Halves to £11 Billion Ahead of Budget, EY Warns
US Bomber Withdrawal From RAF Fairford Prompts UK Security Review
Sarah Wakfer Appointed Chair of Northern Ireland’s Health and Care Regulator
Scotland Housing Completions Fall to 11-Year Low Amid National Shortage
UK Water Companies Face Tougher Oversight and Unannounced Regulatory Inspections
Middle East Conflict Pushes UK Fuel and Wholesale Energy Prices Higher
Andy Burnham Raises Prospect of Second Brexit Referendum in Review of UK-EU Relations
EY Warns UK Fiscal Headroom Has Halved to £11 Billion Ahead of Autumn Budget
BT Accused of Pressuring Vulnerable Customers During Digital Landline Shift
British Carmakers Warn of Growing Pressure From EU-China Tariff Dispute
Green Party of England and Wales Adopts Motion Defining Zionism as Racism
Medical Charity Threatens NHS Legal Action Over Two-Year Autism and ADHD Assessment Waits
British Transport Police Report Record Rise in Violence on Railways
Glasgow Council Workers Face Pay Cuts Under Fire-and-Rehire Plan
British Medical Groups Press Prime Minister Andy Burnham to Cancel £330 Million Palantir NHS Contract
UK Faces Record Bluetongue Outbreak Across Livestock Farms
×