Dear Readers,

The Ministry of Finance published a Draft Law on the State Budget for 2023-2025 for public discussions. The draft proposes to increase the Monthly Index Factor and other basic indexes.

The draft law establishes the following indexes effective from 1 January 2023:

  • The minimum salary is 60 000 tenge (remain the same);
  • The minimum state basic pension is 21 907 tenge (currently – 20 191 tenge);
  • The minimum pension is 53 076 tenge (currently – 48 032 tenge);
  • Monthly index factor is 3 450 tenge (currently 3 180 tenge – for social payments; 3 063 tenge – for fines and taxes);
  • The cost of living for the calculation of basic social benefits is 40 567 tenge (currently - 37 389 tenge).

The draft law will stay on the public discussions till 8 September 2022.