Fiscal Balance in Kazakhstan

Kazakhstan Fiscal Balance | Economic News & Forecasts

Kazakhstan - Fiscal Balance

Incoming data suggests that the economy lost some steam in the final quarter of 2018, after growth edged down in the third quarter. Economic activity decelerated in November amid slower growth in the industrial sector. In addition, oil prices fell sharply in the fourth quarter, boding poorly for the important energy sector. However, lower oil prices were likely partly offset by rising crude production: In December, Energy Minister Kanat Bozumbayev stated that oil output hit a record in 2018, thanks to increased production at the Kashagan oil field. However, oil production will likely be contained in 2019 due to scheduled maintenance work at several oil fields. In addition, Kazakhstan also committed to limit production in the first half of 2019 in conjunction with OPEC quotas in December.

Kazakhstan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.0  -2.7  -2.2  -1.6  -2.6  

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

Kazakhstan Facts

ValueChangeDate
Exchange Rate378.10.32 %Jan 16
Stock Market0.10.0 %Jan 16

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