Baibazarova has been relieved of her position as Deputy Prime Minister and Minister of National Economy of Kazakhstan.

The reasons for the resignation of the 49-year-old official have not been disclosed.

Nurlan Baibazarov served as Deputy Prime Minister and Minister of Economy for less than a year, having been appointed in February.

He has been involved in public service and the quasi-public sector since 1997, holding positions in the Ministry of Finance and the Ministry of National Economy. He was the chairman of the Board of the Development Bank of Kazakhstan (from 2022 to 2023) and the holding company "Baiterek" (from 2023 to February 2024).

At the end of October, Baibazarov stated that GDP growth in 2025 is projected to be 5.6 percent. Earlier, the government was tasked with ensuring that GDP growth does not fall below 6 percent next year.

According to government information, GDP for January-November of the current year was 4.4 percent. The Cabinet explains this by the failure to meet forecasted oil production targets.

Kazakhstan's authorities have long emphasized the need for economic diversification and the development of manufacturing sectors, yet the state budget still largely depends on oil prices and other raw materials that are exported.