Fiscal Balance in Kazakhstan

Kazakhstan Fiscal Balance | Economic News & Forecasts

Kazakhstan - Fiscal Balance

The 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

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 Rate379.20.32 %Mar 11
Stock Market0.10.0 %Mar 11

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