Fiscal Balance in Kazakhstan

Kazakhstan Fiscal Balance | Economic News & Forecasts

Kazakhstan - Fiscal Balance

Economic activity likely remained stunted in the second quarter, on the heels of a deceleration in the first quarter. In May, the short-term economic activity indicator weakened for a second consecutive month, amid a drop in industrial production—brought upon by a slowdown in the manufacturing sector—and the sharpest slump in oil output in almost three years, owing to planned maintenance works in the Kashagan oil field. The industrial downturn, coupled with lower oil prices, is likely to have bruised merchandise exports in May, which had barely recovered in April; in turn, this threatens to push the current account back into a deficit by the end of Q2. In the political arena, Kassym-Jomart Tokayev, a loyal lieutenant of former president Nursultan Nazarbayev, won a rubber-stamp presidential election on 9 June. This should ensure the continuity of economic policy ahead.

Kazakhstan - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.9  -2.7  -2.2  -1.6  -2.7  

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

Kazakhstan Facts

Exchange Rate383.30.32 %Jul 11
Stock Market0.10.0 %Jul 10

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