BAKU, Azerbaijan, October 14.
Kazakhstan’s common authorities income declined by 2.5 share
factors year-on-year within the first half of 2026, in keeping with
Pattern’s calculations
primarily based on information from the Asian Improvement Financial institution’s (ADB) Asian
Improvement Outlook.
“Within the first half of 2026, common authorities income
declined to 21.2% of GDP from 23.7% in the identical interval of 2025.
Transfers from the Nationwide Fund of the Republic of Kazakhstan, the
sovereign wealth fund, fell to 2.6% of GDP from 5.1%, reflecting
the absence of focused transfers”, the ADB mentioned.
The financial institution famous that tax income edged as much as 17.7% of
GDP from 17.5%, pushed by nominal will increase of 41.9% in value-added
tax (VAT) and seven.3% in company revenue tax, whereas increased oil costs
boosted crude oil export duties by 23.3%.
“Nontax income decreased to 0.6% of GDP from 1.0%.
Common authorities expenditure declined to 24.4% of GDP from 25.3%.
The state finances deficit widened to three.2% of GDP from 1.6%, whereas
the non-oil deficit narrowed to 7.1% of GDP from 7.9%. Debt service
prices rose to three.0% of GDP from 2.7%”, the ADB mentioned.
In keeping with Pattern’s calculations, nontax income fell
by 0.4 share factors, whereas common authorities expenditure
declined by 0.9 share factors. The state finances deficit widened
by 1.6 share factors, whereas the non-oil deficit narrowed by 0.8
share factors. Debt service prices rose by 0.3 share
factors.
