Kazakhstan Dissolves Local Assemblies, Calls Snap Elections Amidst Reforms

President Tokayev dissolved all local assemblies (maslikhats) on October 12, triggering snap elections for November 29. The government is also preparing social security reforms to eliminate benefits for "well-off" citizens, aiming to save 700 billion tenge by 2027. Kazakhstan may borrow up to $2 billion internationally to cover its 2027 budget deficit.

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