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The Government
May 1998
| Principles | According to the Constitution, the Government is the major executive collective body and is led by the Prime Minister. The Ministers are nominated and approved by the President, while the candidacy of the Prime Minister is subject to approval by the Parliament. |
| Structure of the Government | Currently, Kazakhstan has 16 ministries. This figure represents a significant decline from the country's 42 ministries in December 1997. This new governmental structure has lowered the budget burden by 30%. A more detailed description of the Government’s structure is presented below. |
| Municipalities | Local executive bodies are represented by akimats. The country has 14 oblasts (states) and two republican-level cities (Almaty and Astana). Executive branches in municipalities are represented by akimats. Akims are the heads of these municipal bodies; the Akims of the oblasts and Astana and Almaty are appointed and dismissed by the President, and the akims of rayons (districts) and smaller cities are appointed by the relevant akims above them in the hierarchy. The scope of their authority includes: designing and implementing social and economic programmes, executing local budgets, managing municipal properties, etc. |
© Kazkommerts Securities 1998. Please cite source when quoting. This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets. |
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