BAKU, Azerbaijan, October 14.
Kazakhstan's general government revenue declined by 2.5 percentage
points year-on-year in the first half of 2026, according to
Trend's calculations
based on data from the Asian Development Bank's (ADB) Asian
Development Outlook.
"In the first half of 2026, general government revenue
declined to 21.2% of GDP from 23.7% in the same period of 2025.
Transfers from the National Fund of the Republic of Kazakhstan, the
sovereign wealth fund, fell to 2.6% of GDP from 5.1%, reflecting
the absence of targeted transfers", the ADB said.
The bank noted that tax revenue edged up to 17.7% of
GDP from 17.5%, driven by nominal increases of 41.9% in value-added
tax (VAT) and 7.3% in corporate income tax, while higher oil prices
boosted crude oil export duties by 23.3%.
"Nontax revenue decreased to 0.6% of GDP from 1.0%.
General government expenditure declined to 24.4% of GDP from 25.3%.
The state budget deficit widened to 3.2% of GDP from 1.6%, while
the non-oil deficit narrowed to 7.1% of GDP from 7.9%. Debt service
costs rose to 3.0% of GDP from 2.7%", the ADB said.
According to Trend's calculations, nontax revenue fell
by 0.4 percentage points, while general government expenditure
declined by 0.9 percentage points. The state budget deficit widened
by 1.6 percentage points, while the non-oil deficit narrowed by 0.8
percentage points. Debt service costs rose by 0.3 percentage
points.
