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Forecast of Kazakhstan GDP growth revised downward

Kazakhstan Materials 5 April 2022 13:23 (UTC +04:00)
Forecast of Kazakhstan GDP growth revised downward
Nargiz Sadikhova
Nargiz Sadikhova
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BAKU, Azerbaijan, April 5. The real GDP growth in Kazakhstan has been reduced from 3.9 percent to 2.1 percent considering the current situation, this became known during a government meeting chaired by Kazakh Prime Minister Alihan Smayilov, Trend reports.

Nominal GDP is expected to be 91.5 trillion tenge ($193.5 billion), which is 4.5 trillion tenge ($9.5 billion) higher than the approved forecast.

According to forecasts, exports will increase to $72.2 billion, imports - up to $40.2 billion. Inflation is defined in the corridor from eight to 10 percent.

Republican budget revenues (excluding transfers) are estimated at 10.1 trillion tenge ($21.4 billion) in 2022, which is 955 billion tenge ($2.02 billion) higher than the approved plan.

It is proposed to determine the expenses of the republican budget in the amount of 18.8 trillion tenge ($39.7 billion) with an increase of 2.7 trillion tenge ($5.7 billion) relative to the adjusted volume.

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