Fiscal Balance in Kazakhstan

Kazakhstan Fiscal Balance | Economic News & Forecasts

Kazakhstan - Fiscal Balance

GDP growth bounced back in the second quarter after losing momentum in the first three months of the year, according to a preliminary estimate. While a breakdown by components has yet to be released, construction activity was especially buoyant, while the goods sector and agricultural production grew at softer paces. Meanwhile, rising external headwinds weighed on industrial production. Turning to January–July, the short-term economic activity indicator was up slightly. Meanwhile, in July, oil production returned to growth; industrial output growth picked up on a rebound in mining and quarrying; and fixed investment surged. On the downside, retail sales lost some speed in the same month, hinting at a slowdown in private consumption amid a pick-up in price pressures. Moreover, oil sales to China shrank markedly in annual terms in the first seven months of the year amid persistent challenging economic conditions.

Kazakhstan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.9  -2.7  -2.2  -1.6  -2.7  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Kazakhstan Facts

Exchange Rate388.60.32 %Sep 04
Stock Market0.10.0 %Sep 04

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