Kazakhstan notes explosive growth in tax revenues

18.11.2022

An overview of the consolidated budget of Kazakhstan for the nine months of this year was presented at the analytical centre of the Association of Financiers of Kazakhstan (AFK).

Higher oil prices and USDKZT relative to budgeted benchmarks ($90/bbl, 460 tenge/$) combined with positive economic growth led to a significant improvement in tax revenues.

In January-September 2022,...