Republic of Kazakhstan: Selected Issues and Statistical Appendix

International Monetary Fund

No 2002/064, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper presents a brief overview of developments and prospects for the petroleum sector of the Republic of Kazakhstan. The paper conducts a comprehensive assessment of fiscal vulnerability, fiscal sustainability, and fiscal stance in Kazakhstan, focusing on the government’s non-oil budget balance while taking into account some of the key characteristics of resource-rich countries. The paper 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.

Keywords: ISCR; CR; Kazakhstan; cost; oil wealth; petroleum production; gas condensate field; CPC pipeline; Kazakhstan government; Oil; Pension spending; Oil prices; Fiscal stance; Asia and Pacific; Middle East; Central Asia; North America; Western Europe; Northern Europe (search for similar items in EconPapers)
Pages: 101
Date: 2002-03-19
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Citations: View citations in EconPapers (6)

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