a world Bank Study of Kazakhstan's spending

The world Bank presented a study on the development of human capital in Kazakhstan. The knowledge within Kazakhstan are estimated at 537 points out of 625, 625 where points is the ceiling of educational achievements for students, reports 'KazTAG'.

Human capital index in the country is 0.75 (maximum score – 1), the head of programs on human capital the world Bank in Central Asia, Susanna Hayrapetyan.

'This figure shows that labor productivity of a child born today in Kazakhstan, on reaching the age of majority is 75% of the potential level, which is possible under condition of full education and full health', – said Susanna Hayrapetyan, presenting the study.

She also noted that in Kazakhstan there is a big difference in the quality of education in the Central regions and peripheral regions. The most important task of Kazakhstan is to align this indicator. In this country three-quarters of the schools in the regions and rural areas, they serve 52% of the population, said the speaker.

According to her, the problem can be solved by increasing investment in education.

'Now the contribution to education in Kazakhstan – 3.6% of GDP, is a low figure, given that in the countries of the Organization for economic cooperation and development (OECD) this indicator is higher by 3-4 times', – said Susanna Hayrapetyan.

She noted that the human assets Index (HAI) in Kazakhstan in 2017 was higher than the average value in the region of Central Asia, as well as in the group of countries with similar income levels.

'In the period between 2012 and 2017, the HAI rate in Kazakhstan increased from 0.63% to 0.75%. This was due to increased investment in education and health. But at the same time the rate of 0.75 says that in the future Kazakhstan will lose up to 25% of expected revenue', – said Susanna Hayrapetyan.

The leader of HAI according to the world Bank is Singapore with an index of 0.88.

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