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The largest reductions of spending will affect the Ministry of Internal Affairs (KZT 40 billion), the Ministry of Finance (KZT 3.5 billion), the Ministry of Education (KZT 2.3 billion), and the Ministry of Justice (KZT 1.5 billion).

In addition, the forecast for GDP growth in Kazakhstan for 2016-2019 has been lowered to 2.2% -4.1%, Minister of National Economy Yerbolat Dossayev reported.

"GDP growth is estimated at 1.5% in 2015, down by 3.3 percentage points against November adjustments, 2.2% - in 2016, 3.3% - in 2017, 3.6% - in 2018 and 4.1% - in 2019," Dossayev said.

On this basis, according to Dossayev, nominal GDP in 2015 is expected to reach KZT 41.31 trillion tenge, with a projected increase to KZT 59.87 trillion tenge by 2019.

"GDP per capita is to increase from $12.800 in 2015 to $17,600 in 2019," the minister said.