The Impact of Finance on the Level and the Quality of Life: The Case of Kazakhstan

R.K. Serkebayeva , G.K. Kazbekov , R.K. Sabirova , R.S. Utaliyeva , L.B. Izbassarova
European Research Studies Journal, Volume XXI, Issue 4, 859-874, 2018
DOI: 10.35808/ersj/1252


Discussion regarding the issues of this article are problematic in many countries, however there are States which standard of living is striven in the post-Soviet space. For example, Kazakhstan pays serious attention to the problem of the growth of the level and quality of life and they are the main problem of the social policy of the state. The specificity of the post-Soviet perception (due to the recent past) of the state of quality of life consists of comparison of the standard of living before and after the acquisition of sovereignty by these countries. And it is quite logical that the consideration of the problem of the growth of quality of life in Kazakhstan and their regulation result from the Soviet practice, when the state determined the standards of living of citizens. At the present stage, the state leads socio-economic policy from the available financial resources and the level of development of household finances. In view of market realities, the state can influence the total income of the household through financial instruments such as taxes, interest rate, minimum subsistence level, social guarantees and payments.

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