Fiscal Balance in Kazakhstan
Kazakhstan - Fiscal BalanceGDP 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
|Fiscal Balance (% of GDP)||-1.9||-2.7||-2.2||-1.6||-2.7|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|Exchange Rate||388.6||0.32 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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September 9, 2019
The National Bank of Kazakhstan decided to raise the base rate by 25 basis points to 9.25%, keeping an interest rate corridor of plus or minus 1.0 percentage point around the base rate, at its latest monetary policy meeting on 9 September.
August 15, 2019
Industrial production grew 3.2% in July, down from June’s 5.9% which had marked an over-year high.
August 1, 2019
Consumer prices rose 0.2% over the previous month in July, matching June’s result.
July 15, 2019
Industrial production grew 5.9% in June, the highest reading in over a year and rebounding from May’s 1.6% contraction.
July 15, 2019
A breakdown of GDP by expenditure released by Kazakhstan’s Statistical Institute (SARK) confirmed that the economy grew 3.8% year-on-year in January–March, decelerating from the 4.1% expansion recorded in January–December 2018. Ebbing global momentum and volatility in commodity markets appear to have taken its toll on the external sector.