develops the main directions of the socio-economic policy of the state, its defense, security, public order and organizes their implementation;
approves the state programs in coordination with the president, and also ensures their implementation;
approves the forecast for socio-economic development;
develops measures for the country’s foreign policy;
submits the republican budget and a report on its execution to the Parliament, ensures budget execution;
forms the Republican Budget Commission, approves its regulations, determines its composition;
in coordination with the president of the Republic of Kazakhstan determines the system of state planning;
determines the procedure for the preparation and submission of the annual report on the execution of the republican budget;
develops and implements measures to strengthen the financial system of the Republic; provides state control over the observance of the law in the formation and use of state monetary, financial and material resources;
implements the structural and investment policy;
develops state pricing policy; establishes the range of products, goods and services for which state-regulated prices are applied;
organizes the management of state property, develops and implements measures for its use, ensures the protection of state property rights;
forms the system and conditions of remuneration, social security of citizens, state social security and social insurance;
in agreement with the president, approves a unified system of financing and remunerating employees for all bodies maintained at the expense of the state budget;
develops the main directions of the state regional policy; provides a solution to interregional problems and issues of socio-economic development of regions;
forms the state policy on the development of science and technology, the introduction of new technologies, culture, education, health, tourism and sports;
develops and implements measures to ensure the rational use and protection of natural resources and the environment;
ensures the implementation of legal policy; develops and implements measures to protect and defend the rights and freedoms of citizens, ensure law and order, security and defense of the Republic, territorial integrity and protect the state borders of the Republic;
makes decisions on conducting negotiations and signing intergovernmental agreements; ensures the development of relations of the Republic with foreign states, international and regional organizations; develops measures for the implementation of foreign economic policy; takes measures to develop foreign trade; cooperates and interacts with international financial organizations;
performs other functions assigned to it by the Constitution, laws and acts of the president.