{
  "title": "Republic of Kazakhstan: Selected Issues",
  "publication": "IMF Staff Country Reports, September 19, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-40947",
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  "summary": "This Selected Issues paper presents an assessment of leveraging oil wealth for development in Kazakhstan. By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful in ensuring that government revenue volatility does not trans",
  "sections": [
    {
      "heading": "Assessment of leveraging oil wealth for development",
      "content": "- The paper presents an assessment of leveraging oil wealth for development in Kazakhstan.\n- By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful in ensuring that government revenue volatility does not translate into spending volatility."
    },
    {
      "heading": "Quasifiscal sector and public enterprises",
      "content": "- The quasifiscal sector, that includes public enterprises in the oil and gas industry, is systemic in Kazakhstan.\n- During the crisis the quasifiscal sector played an important role in the government’s stimulus program.\n- The quasifiscal sector is currently actively involved in the country’s long- term development strategy."
    },
    {
      "heading": "Subjects and keywords (as listed)",
      "content": "- Subject: Commodities, Economic sectors, Expenditure, Oil, Oil prices, Oil sector, Prices, Public investment and public-private partnerships (PPP), Public investment spending\n- Keywords: CR, exchange rate, Global, holding company, investment, investment efficiency, ISCR, Oil, oil fund, oil price scenario, Oil prices, Oil sector, oil wealth benefit, Public investment and public-private partnerships (PPP), Public investment spending, scaling-up path\n\n---\n\n Content in this bundle\n\n- Republic of Kazakhstan: Selected Issues--Staff Report; IMF Country Report 13/291; July 18, 2013\n  - Republic of Kazakhstan: Selected Issues--Staff Report; IMF Country Report 13/291; July 18, 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Republic of Kazakhstan: Selected Issues--Staff Report; IMF Country Report 13/291; July 18, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/republic-of-kazakhstan-selected-issues-40947/index.md)",
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    "Published: September 19, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484352748.002",
    "The paper presents an assessment of leveraging oil wealth for development in Kazakhstan.",
    "By saving most of the tax revenues collected from the oil sector in an off-budget oil fund Kazakhstan has been relatively successful in ensuring that government revenue volatility does not translate into spending volatility.",
    "The quasifiscal sector, that includes public enterprises in the oil and gas industry, is systemic in Kazakhstan.",
    "During the crisis the quasifiscal sector played an important role in the government’s stimulus program.",
    "The quasifiscal sector is currently actively involved in the country’s long- term development strategy.",
    "Subject: Commodities, Economic sectors, Expenditure, Oil, Oil prices, Oil sector, Prices, Public investment and public-private partnerships (PPP), Public investment spending",
    "Keywords: CR, exchange rate, Global, holding company, investment, investment efficiency, ISCR, Oil, oil fund, oil price scenario, Oil prices, Oil sector, oil wealth benefit, Public investment and public-private partnerships (PPP), Public investment spending, scaling-up path",
    "**Republic of Kazakhstan: Selected Issues--Staff Report; IMF Country Report 13/291; July 18, 2013**"
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