Among the strategic goals of the European Union (EU) is to upsurge the consumption of green energy in its member states, bringing together financing, technological, and innovations around customer engagement. Most researchers have been conducted around the green economy in Kazakhstan, but petite examination has been done on the influence of the fiscal sector on renewable consumption of energy. This research paper centers on the link between energy usage, economic progress, fiscal expansion, and energy prices in Kazakhstan using the Vector Error Correction Model Technique. The valuation results revealed a positive and substantial influence on economic and financial development on the consumption of energy. Prices of energy represented by the Consumer Price Index had an indirect influence on the consumption of energy. These two analyses are in tandem with theoretical findings and expectations. Further, the findings depict that a percentage increase in fiscal and economic growth leads to increased energy usage by 0.11% and 0.39%, respectively.

The article is devoted to the development and financing of innovations of small and medium-sized enterprises (SMEs) in the Republic of Kazakhstan, which is recognized in the world as an effective lever for ensuring the country's economic growth, since the main part of Kazakhstan's budget revenues is tax revenues from businesses and citizens: it is through them that expenses are financed state (along with borrowed funds). Particular attention is paid to the creation of SMEs around new innovative enterprises using various types of business cooperation and areas of activity in the field of ecology.

No abstract

No abstract