Fiscal Balance in Kazakhstan
Kazakhstan - Fiscal BalanceThe economy maintained a strong pace of expansion in Q4 2018, thanks to buoyant oil production and a solid performance in the non-oil sector. Prospects were less upbeat at the start of 2019, however, with economic activity losing considerable pace in January. Contracting manufacturing output amid a persistent downturn in Chinese industrial activity, along with weakness in the construction sector and a slowdown in investment, weighed on the reading. That said, a robust mining sector and healthy consumer spending continued to support growth. Meanwhile, with next year’s election looming, President Nazarbayev recently sacked the cabinet over the failure to raise living standards. Shortly after, the President mandated tapping into the nation’s USD 3.6 billion emergency fund on 27 February, which will be spent on boosting public sector wages, as well as on social assistance, affordable housing, healthcare and infrastructure.
Kazakhstan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.0||-2.7||-2.2||-1.6||-2.6|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|Exchange Rate||379.2||0.32 %||Mar 11|
|Stock Market||0.1||0.0 %||Mar 11|
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March 4, 2019
At its 4 March monetary policy meeting, the National Bank of Kazakhstan held the base rate at 9.25%, with an interest rate corridor of plus or minus 1.0 percentage point. The Bank’s decision to hold the rate steady came against the backdrop of declining inflationary pressures.
March 1, 2019
Consumer prices rose 0.3% over the previous month in February, following a 0.5% month-on-month increase in January.
February 19, 2019
The industrial sector regained some lost ground in January following a marked slowdown in December.
February 15, 2019
The latest national accounts data revealed that the economy sustained a robust pace of expansion in the final quarter of last year, thanks to a buoyant oil sector and solid non-oil activities.
February 1, 2019
Consumer prices rose 0.5% over the previous month in January, following a 0.7% month-on-month upturn in December.