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Kazakhstan to see rise in exports/imports in 2028 - minister

Kazakhstan Materials 29 August 2023 12:34 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, August 29. Kazakhstan's exports in 2024 are expected to reach $83.1 billion, with further anticipated increase by $94.8 billion in 2028, Alibek Kuantyrov, Minister of National Economy of the country, said, Trend reports.

At the same time, the country's imports are forecast to see growth from $60.7 billion in 2024 up to $65.6 billion in 2028, the minister said.

Moreover, according to Kuantyrov, based on macroeconomic indicators, budget parameters forecast for 2024-2026 has been made. Thus, the revenues of the state budget are projected to amount to 16.1 trillion tenge ($34.7 billion) in 2024, which is 11.9 percent of GDP, while in 2026 this figure is expected to stand at 18.4 trillion tenge ($39.7 billion), or 10.7 percent of GDP.

Furthermore, the minister noted that Kazakhstan's real GDP growth in 2024 is projected at 5.3 percent, followed by an increase to 6 percent in 2028.

Meanwhile, Kazakhstan's total trade turnover from January through June 2023 amounted to $67.2 billion, of which $37.9 billion accounted for exports, and $29.2 - for imports.

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