Fiscal Balance in Kazakhstan

Kazakhstan Fiscal Balance | Economic News & Forecasts

Kazakhstan - Fiscal Balance

After GDP rebounded in Q2 amid a more favorable base effect, momentum seemed to carry over into Q3. The short-term economic activity indicator suggests that growth gained steam in January–August compared to H1, mainly driven by robust industrial production. That said, maintenance at the Tengiz oil field from mid-August to September hampered crude output. Moreover, the health crisis worsened at the end of June, forcing authorities to place much of the country under the highest level of restrictions throughout July and August, with the two biggest cities and a handful of regions still in the red zone in late September. In other news, S&P Global Ratings recently affirmed the country’s credit rating at “BBB-” with a stable outlook, citing sustained fiscal policies and expectations of an economic recovery.

Kazakhstan - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.2  -1.6  -2.7  -1.3  -1.9  

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

Kazakhstan Facts

Value Change Date
Exchange Rate382.90.32 %Jan 01
Stock Market0.10.0 %Jan 07

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