With more data showing that low oil prices and a devalued currency have dragged down Kazakhstan’s economy, Mr Nazarbayev appears to have decided that now is the moment to be bold.

“Many countries have found themselves in a difficult situation and are forced to cut social spending, suspend projects, resulting in rising unemployment. Yet we continue building industrial facilities and open new markets,” he told a government meeting. “At the centre of all my orders are the needs of the common man, his well-being and stability.”

Three government financial insti- tutions — the Baiterek Holding company, the House Building Bank of Kazakhstan and the Samruk Kazyna sovereign wealth fund — will admin- ister funds for the house building spending spree, official media reported. The $1b will come from pushing cash earmarked for a social spending in 2017 forward by a year.

Mr Nazarbayev likes to act the father figure, looking after the Kazakh people during times of hardship. This showed through with his emphasis on looking after the common man. He said that his spending plans would create 18,000 jobs, build 42 new schools and extend and improve the electric grid system.

“Full and effective utilisation of funds allocated for the implementation of these measures will stimulate economic activity, support employment and add 1% into economic growth in 2016,” he said.

If Mr Nazarbayev needed a reminder of the battle he faces to turn around the economy, it came from the Central Bank. It said the country’s deficit measured $5.3b in 2015, a result of the currency depreciation. The tenge halved in value in 2015.