Republic of Kazakhstan: Selected Issues and Statistical Appendix
IMF Staff Country Reports, March 19, 2002
Source details
- Canonical URL
- Republic of Kazakhstan: Selected Issues and Statistical Appendix
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Bibliographic details
- Published: March 19, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820850.002
Paper overview and focus
- Presents a brief overview of developments and prospects for the petroleum sector of the Republic of Kazakhstan.
- Conducts a comprehensive assessment of fiscal vulnerability, fiscal sustainability, and fiscal stance in Kazakhstan.
- Focuses on the government’s non-oil budget balance while taking into account some of the key characteristics of resource-rich countries.
- States that the key issue is how much the government should consume and save out of oil revenues and how these decisions should change in response to changes in key aspects of fiscal vulnerability in Kazakhstan.
Major themes and substantive findings
- Petroleum sector developments and prospects:
- Overview of recent developments in Kazakhstan’s petroleum sector and prospects for future production and revenues.
- Fiscal vulnerability and sustainability:
- Comprehensive assessment of fiscal vulnerability in the context of resource-rich country characteristics.
- Evaluation of fiscal sustainability with emphasis on the non-oil budget balance.
- Fiscal stance and policy choices:
- Analysis of the government’s fiscal stance, especially tradeoffs between consumption and saving of oil revenues.
- Consideration of how fiscal policy should adjust in response to changes in fiscal vulnerability.
Subjects and keywords (as listed)
- Subjects: Commodities, Expenditure, External debt, Fiscal policy, Fiscal stance, Natural resources, Oil, Oil prices, Pension spending, Prices
- Keywords: Asia and Pacific, Central Asia, cost, CPC pipeline, CR, Fiscal stance, gas condensate field, ISCR, Kazakhstan, Kazakhstan government, Middle East, North America, Northern Europe, Oil, Oil prices, oil wealth, Pension spending, petroleum production, Western Europe
Content in this bundle
- Republic of Kazakhstan: Issues and Statistical Appendix - ISCR/02/64