Effectiveness of agricultural subsidies in Kazakhstan as a factor of inclusive development

Abstract

Agriculture plays a key role in the economy of Kazakhstan, ensuring food security. Under conditions of climate change and economic instability, subsidies remain the main instrument of state support. However, the effectiveness of such a measure requires deep analysis. The article is devoted to the analysis of the impact of state subsidies on the volume of agricultural production in Kazakhstan for the period 2017–2024 within the framework of inclusive development. The problem of the research is to identify the effectiveness of subsidies to the agro-industrial complex (AIC) in the context of changing economic and climatic factors. The relevance of such research is due to the importance of state support for increasing the sustainability and competitiveness of the agricultural sector in the country. The research results have shown that the subsidies exert a significant influence on agricultural production and underline the need for strengthening subsidies, improving the availability of credit, and implementing modern technologies in agriculture. It is recommended to develop strategies aimed at increasing labor productivity and profitability of the agricultural sector, as well as the effectiveness of monitoring of government support programs.