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Astana, Kazakhstan • 02 October 2023

Kazakhstan Aims to Increase Healthcare Funding to 5% of GDP by 2027

The volume of the pharmaceutical market has grown 2.9 times over the past seven years

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primeminister.kz
primeminister.kz

Further development of the healthcare sector in Kazakhstan was the main topic of discussion at the regular meeting of the Council for Improvement of Investment Climate chaired by Prime Minister of Kazakhstan Alikhan Smailov, QazMonitor reports citing primeminister.kz.

"The government is working to create a sustainable model for the development of this sector, with [the goal of] bringing the level of its financing to 5% of the GDP by 2027. In this regard, we are interested in attracting investments and advanced technologies," said PM Smailov.

He added that the measures taken by the government have a positive impact on the investment attractiveness of the industry. At the end of last year, investments in the healthcare sector's capital increased by nearly 30%, totaling approximately $540 million. Meanwhile, the volume of the pharmaceutical market has grown 2.9 times over the past seven years.

The PM noted that comprehensive measures are taken to improve medical infrastructure. Plans are underway to construct 20 modern multidisciplinary hospitals with the involvement of private investment. In addition, within the national project 'Modernization of Rural Healthcare,' 655 primary healthcare facilities will be commissioned, and 32 multidisciplinary district hospitals will be modernized.

"In light of the increasing demand for pharmaceuticals, the healthcare sector, including the pharmaceutical industry, has immense potential for further development," emphasized Smailov.

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