Kazakhstan plans to cut budget deficit to 0.9% of GDP by 2028 – deputy prime ministerKazakhstan’s budget deficit is projected at 2.5% of GDP in 2026, with a planned reduction to 0.9% of GDP by 2028, First Deputy Prime Minister and Minister of National Economy Serik Zhumangarin said on Monday."The budget deficit is set at 2.5% of GDP in 2026, with a decrease to 0.9% of GDP by 2028. The non-oil deficit will narrow from 4.9% of GDP to 2.7% of GDP," Zhumangarin said at a government meeting.Revenues to the budget are projected at 19.2 trillion tenge in 2026, 21.2 trillion tenge in 2027, and 23.2 trillion tenge in 2028. The guaranteed transfer from the National Fund is set at 2.770 billion tenge annually, according to Zhumangarin."Budgeted expenditures will be 27.7 trillion tenge in 2026, 28.8 trillion tenge in 2027, and 29.8 trillion tenge in 2028. With these volumes of revenues and expenditures, the budget is self-sufficient without the need to make transfers from the National Fund," he said.Тet foreign assets of the National Fund are anticipated to grow from $60.8 billion in 2026 to $68.6 billion in 2028, Zhumangarin concluded. (ICE ALMATY)

Fonte notizia: INTERFAX