Dear readers,

Since January 1, 2022, the Law «On the Republican Budget for 2022-2024» of the Republic of Kazakhstan dated 2 December 2021 77-VII has been put into effect.

The law establishes the following calculation indicators, among others:1

  1. the minimum wage rate – KZT 60 000;
  2. the minimum state basic pension payment – KZT 19 450;
  3. the minimum pension – KZT 46 302;
  4. the monthly calculation index for calculation allowances and other social payments, as well as the use of penalties, taxes and other payments in accordance with the legislation of the Republic of Kazakhstan – KZT 3 063;
  5. the amount of the subsistence minimum for calculation of basic social benefits – KZT 36 018.

1 Law of the Republic of Kazakhstan dated December 2, 2021 No. 77-VII On the Republican budget for 2022-2024