In September 2015, the Government of Kazakhstan has announced plans to launch a new wave of privatization. In December 2015, the Government of the Republic of Kazakhstan issued a Decree «On some issues of privatization for 2016 - 2020».
The main objectives of the privatization program were announced to be an increase in asset management efficiency via the reduction of state control, a decline in budget spending, attraction of private investments and initiative, and the ability to release internal resources to ensure stable economic growth of the country.
The privatization program correlates with the policy of the Head of State and the Government of the Republic of Kazakhstan aimed at strengthening the economy foundations due to increase of the private sector in its share. By 2020, the share of state ownership should be increased to the level of the OECD member states, which is 15% of the GDP.
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