Tax revenues of National Fund of Kazakhstan for 8M2022 increase by 3.3 times yoy due to growth of oil prices

Thanks to the growth in oil prices, the tax revenues of the National Fund (NF) for 8M2022 increased by 3.3 times yoy and reached KZT4.6 trillion. The NF expenditures over the same period increased by only 11.3% y/y and amounted to KZT3.3trln. Due to the excess of receipts over withdrawals,...