Modernization of monetary and financial instruments in economic management in the Republic of Kazakhstan

Abstract

This article discusses the issues of execution of the order of the Head of State K.-Zh.Tokayev in the framework of the Address to the People of Kazakhstan dated September 1, 2022, related to the new economic policy, including the development of a new Tax Code.

In order to develop practical recommendations for the development of this normative legal act, an analysis of the effectiveness of the functioning of the current tax system of the Republic of Kazakhstan was carried out, its shortcomings and ways to eliminate them were identified.

To resolve pricing issues, the elements of the monetary system were considered, measures were identified that contribute to the systemic regulation of monetary circulation in the country and proposals for the effective functioning of the financial system were developed.

Within the framework of solving the tasks of transition from "budget management" to "results management" by using methods of analysis and synthesis, comparison, statistical analysis, the existing mechanisms of budget planning and execution are identified and measures are proposed to revise and improve budget tools in the New Budget Code.

The proposed measures are aimed at modernizing monetary and fiscal instruments and implementing a new economic policy in the republic