In March, Kazakhstan’s real sector continued its steady expansion, with particularly strong growth observed in construction, transportation, and warehousing. New records in oil production are exerting a positive influence on the mining industry, thereby pushing Kazakhstan even further over its OPEC+ quota.
Positive dynamics in the real sector is offset by low performance in international trade and government expenditures. A substantial decrease in exports has been observed on an annual basis. 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 March, investments demonstrated positive dynamics for the first time in a year, primarily due to investments financed by the state budget.
Read more in the Socio-Economic Development Review.
