The Cabinet of Ministers has approved the socio-economic development forecast for 2027-2029. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
Key Macroeconomic Indicators
According to the forecast, the average gross domestic product growth over the next three years will be 5 percent. The projected inflation corridor will be 7.5-9.5 percent in 2027 and 6-8 percent in 2028-2029.
Republican Budget Parameters
Republican budget revenues: - in 2027 - 19.9 trillion tenge; - in 2028 - 21.7 trillion tenge; - in 2029 - 23.4 trillion tenge.
Republican budget expenditures: - in 2027 - 30.2 trillion tenge; - in 2028 - 29.4 trillion tenge; - in 2029 - 29.6 trillion tenge.
The guaranteed transfer amount is set at 2 trillion 430 billion tenge for 2027-2028 and 2 trillion tenge for 2029.
Funds from the National Fund
"In addition, for financing particularly important facilities and projects of national significance, a targeted transfer from the National Fund is provided in 2027 in the amount of 2 trillion tenge, and in 2028-2029 - 1.5 trillion tenge each year," said Vice Prime Minister Serik Zhumangarin.
National Fund Revenues and Assets
Under the baseline scenario, the total volume of revenues to the National Fund will increase: - in 2027 - 5.1 trillion tenge; - in 2028 - 5.5 trillion tenge; - in 2029 - 5.7 trillion tenge.
Net revenues to the fund are projected at 0.5 trillion tenge in 2027, 1.4 trillion tenge in 2028, and 2 trillion tenge in 2029.
The National Fund's foreign currency assets are projected to grow from 65.2 billion US dollars in 2027 to 70.6 billion US dollars in 2029.