Serik Zhumangarin has been appointed as the Minister of National Economy as of December 21, 2024.

"By the decree of the Head of State, Jumangarin Serik Makashevich has been appointed Deputy Prime Minister – Minister of National Economy of the Republic of Kazakhstan. He has been relieved of his previous position," the official statement from Akorda reads.

Earlier, the President dismissed Nurlan Baibazarov from the position of Deputy Prime Minister – Minister of National Economy.