Decline in Kazakhstan’s state budget revenues occurs against backdrop of slowdown in economic growth from 3.6% yoy in 6M2022

The decline in tax revenues of the state budget in 3Q2022 continued (-0.5% qoq) at a more restrained pace than in the second quarter of the current year (-2.4% qoq). The quarterly dynamics of tax revenues of the budget, however, contrasted sharply with the annual, which showed an increase in...