Kazakhstan plans to increase wages in the public sector, starting from January 1, 2016, the minister of healthcare and social development, Tamara Duysenova, has said. According to her, the scale of the wage increase will vary between 28% and 40%.
The ministry will divide public sector workers into four different pools depending on their education, qualifications and responsibilities. For example, managerial staff responsible for the development of an organisation will be in Pool A. Teachers and doctors will be in Pool B and so on.
The increase in wages is part of a wider reform of the public service in Kazakhstan which is aimed at increasing its efficiency. Therefore, different categories of public sector workers are being adopted. At the same time, the pay rise was forced by the sharp depreciation of the national currency after the government switched to a free-floating exchange regime on August 20. The government decided to raise wages in order to ease social discontent stemming from the falling living standards of the population.
Related Articles
Eurasian Development Bank redeems €286mn Eurobond
The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more
Georgia’s TBC Bank weighs up separate IPO for TBC Uzbekistan digital bank
London-listed TBC Bank Group PLC (LON: TBCG) is weighing up conducting a separate initial public offering (IPO) for its TBC Uzbekistan digital bank business. Reuters on February 24 ... more
EBRD boosts Ukraine financing to record €2.9bn in 2025 amid war
The European Bank for Reconstruction and Development (EBRD) deployed a record €2.9bn in finance in Ukraine in 2025, up from €2.4bn a year earlier, the EBRD said in a press release. The EBRD ... more