In April, Kazakhstan’s real sector continued its steady expansion, with particularly strong growth observed in construction, transportation, and warehousing. High volumes of oil production are exerting a positive influence on the mining industry. Meanwhile, Kazakhstan has the largest quota overrun among OPEC+ countries.
Positive dynamics in the real sector is offset by low performance in international trade and government expenditures. Exports decreased by 11.9% when compared to the previous year. A particularly pronounced decline is evident in the export of crude oil to Asian countries. The aforementioned negative dynamics are reflected in the revenues to the National Fund, the transfers to the republican budget, and the execution of revenues and expenditures of the state budget.
In April, investments continued their positive dynamics, primarily due to investments financed by the state budget.
Read more in the Socio-Economic Development Review.
