Public Debt in Kazakhstan
Kazakhstan - Public DebtNational accounts revealed that the economy lost momentum in the first quarter. Manufacturing activity languished in the doldrums on a slowdown in key trading partners, while electricity supply swung to decline and the expansion of the services sector softened. Turning to the second quarter, a 4.1% rise in the short-term economic indicator for January–April suggests growth remained solid at the start of the period. The expansion was fueled by higher oil prices and a likely boost in exports, thanks to a weaker tenge, which should have kept the current account in surplus. This countered the impact of a continued weakening in the industrial sector. Prevailing uncertainty on the political front ahead of the 9 June snap election, however, has spurred sizable capital outflows, which has in turn led to depletion of reserves and a further depreciation of the tenge.
Kazakhstan - Public Debt Data
|Public Debt (% of GDP)||12.3||14.3||22.1||24.4||26.0|
5 years of economic forecasts for more than 30 economic indicators.
Source: Agency of Statistics
|Exchange Rate||384.0||0.32 %||Jun 14|
|Stock Market||0.1||0.0 %||Jun 14|
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June 4, 2019
Acting President Kassym-Jomart Tokayev is on course to win the snap election scheduled for 9 June, with the tightly controlled and opaque electoral process meaning that opposition candidates stand little chance.
June 3, 2019
Consumer prices rose 0.6% over the previous month in May, slightly above April’s 0.5% month-on-month upturn.
June 3, 2019
The National Bank of Kazakhstan held the base rate at 9.00%, with an interest rate corridor of plus or minus 1.0 percentage point, at its latest monetary policy meeting on 3 June.
May 20, 2019
Economic growth declined to 3.8% in annual terms in January–March, from the 4.1% year-on-year expansion recorded in January–December 2018, according to a preliminary estimate released on 20 May. A breakdown of key sectors revealed that industry grew at a notably softer pace of 3.2% in January–March, down from 4.2% in January–December 2018.
May 17, 2019
The industrial sector decelerated notably in April, growing 1.9% over the same day last month.