Financial incentives to improve the efficiency of the agro-industrial complex of the Republic of Kazakhstan

Abstract

The authors of the article present the concepts of financial support for the agro-industrial complex
in the context of modernization of the economy of Kazakhstan. The relevance of the research is determined by
the expediency of strengthening territorial food security through a competent policy of import substitution in
the industry. The article analyzes the statistical data of the Republic of Kazakhstan on ensuring food security in
the country and the impact of financial incentives on the expansion of the agricultural sector in Kazakhstan. As
a result of a comprehensive analysis of the state of development of the agro-industrial complex of the Republic
of Kazakhstan, a number of main problems of financial relations in the agricultural sector were identified: an
inefficient system of subsidizing and lending to agriculture, a growing level of dependence of agriculture on
the state; insufficient access to financing for agricultural market entities; lack of development and inefficient
use of budget funds; low efficiency of agricultural production (almost half of agricultural enterprises remain
unprofitable); insufficient promotion of investment in agricultural production; low labor productivity in the
industry, reduced availability of agricultural machinery and critical deterioration of fixed assets.