Republic of Kazakhstan: Selected Issues

September 19, 2013

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Format: Chicago

Republic of Kazakhstan: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 23, 2024

Summary

This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful in ensuring that government revenue volatility does not translate into spending volatility. The quasifiscal sector, that includes public enterprises in the oil and gas industry, is systemic in Kazakhstan. During the crisis the quasifiscal sector played an important role in the government’s stimulus program while currently it is actively involved in the country’s long- term development strategy.

Subject: Commodities, Economic sectors, Expenditure, Oil, Oil prices, Oil sector, Prices, Public investment and public-private partnerships (PPP), Public investment spending

Keywords: CR, Exchange rate, Global, Holding company, Investment, Investment efficiency, ISCR, Oil, Oil fund, Oil price scenario, Oil prices, Oil sector, Oil wealth benefit, Public investment and public-private partnerships (PPP), Public investment spending, Scaling-up path

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/291
Stock No:

1KAZEA2013002
ISBN:

9781484352748
ISSN:

1934-7685

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