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The Head of State, Kassym-Jomart Tokayev, in his Address, placed special emphasis on improving the financial literacy of the population and reducing the debt burden, highlighting the importance of continuing the “Debt-Free Society” project.

On the President’s instructions, a large-scale project has been launched aimed at reducing the debt burden of the population and improving financial literacy. This initiative is intended to provide financial assistance and education to more than one million citizens.

Special educational programs on financial literacy have been assigned to be developed for school students, as well as college and university students. In schools, the module “Fundamentals of Financial Literacy” is being introduced for grades 5–11.

Accordingly, on March 13, 2026, the Department of Finance and Accounting of the Higher School of Economics and Business organized a training session on the topic “Fundamentals of Financial Literacy” for students of Secondary School-Lyceum No. 131 named after B. Momyshuly in the Medeu district of Almaty. The training was conducted by Candidate of Economic Sciences, Senior Lecturer Zh.A. Askarova.

This training was aimed at increasing students’ financial awareness, developing basic knowledge and practical skills in personal finance management, and fostering a responsible attitude toward financial decision-making as future economically active citizens.

The main goal of the financial literacy training was to develop an understanding of the importance of proper financial management, the need for planning income and expenses, and the role of financial discipline in ensuring sustainable and stable well-being. In the context of modern economic digitalization, rapid development of financial technologies, and expanding access to banking and investment services, improving financial literacy among young people is particularly important.

At school age, the foundations of economic thinking are formed, along with behavioral attitudes and rational financial management skills, which later determine a person’s financial stability and well-being.

Financial literacy training for school students is a very useful and important initiative. Its main benefits can be explained as follows:

Teaches proper money management Students understand the balance between earning, saving, and spending money, helping them avoid financial mistakes in the future.

Develops saving habits Students learn the importance of saving and goal-setting, forming a saving habit from an early age.

Increases responsibility Students who learn to plan their finances become more responsible in decision-making.

Provides understanding of debt and credit Students learn about borrowing risks and how to use credit responsibly.

Develops entrepreneurial thinking Training introduces basic business concepts and ways to earn income, enhancing students’ initiative.

Helps with future planning It supports setting financial goals, choosing a career, and planning life effectively.

Teaches protection against fraud Students gain awareness of modern financial risks such as online scams and fraudulent offers.

Each financial literacy training session contributes to improving citizens’ well-being and ensuring economic stability by enhancing their financial knowledge.

After the training, students expanded their knowledge of financial literacy and gained a better understanding of the importance of financial planning and responsible personal finance management.

Educational initiatives in this field contribute to the development of an economically literate and socially responsible younger generation, enabling them to make informed financial decisions, manage personal resources effectively, and build a foundation for their future financial stability.