[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108702-en":3,"doc-seo-108702-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108702,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Kazakhstan: strengthening public finance for inclusive and resilient growth - Public finance review","Public finance review for Kazakhstan examines how fiscal policy and public financial management can support inclusive and resilient growth. It analyzes the fiscal framework under worsening macroeconomic conditions, evaluates the fiscal posture and key constraints in expenditure and taxation, and considers the role and implications of quasi-fiscal activities. The review also highlights issues in fiscal cyclicality and spending rigidity, and discusses practical options to strengthen governance and sustainability.","Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized  \nReport No:  \nKAZAKHSTAN  \nPUBLIC FINANCE REVIEW  \nJune 2023  \n© 2023 The World Bank  \n1818 H Street NW, Washington DC 20433  \nTelephone: 202-473-1000; [Internet: ](Internet: www.worldbank.org)[www.worldbank.org](Internet: www.worldbank.org)  \nSome rights reserved  \nThis work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors of The World Bank orthe governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory orthe endorsement or acceptance of such boundaries.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages the dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given.  \nAttribution— Please cite the work as follows:  \n“World Bank. 2023.  \nKazakhstan: strengthening public finance for inclusive and resilient growth.  \nPublic finance review. © World Bank.”  \nPainting credit:  \nTolepbay, Yerbolat. Cover page: Pathway. 2020. Back cover: Road to the Temple. 2020. Courtesy of the  \nPygmalion Gallery, Astana. [https://www.tolepbay.com/](https://www.tolepbay.com/)  \nAll queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522- 2625; e-mail: [pubrights@worldbank.org](pubrights@worldbank.org).  \nKAZAKHSTAN: STRENGTHENING PUBLIC FINANCE FOR INCLUSIVE AND RESILIENT GROWTH  \nPUBLIC FINANCE REVIEW  \nAbbreviations  \nALMPs  \nASPR  \nASPR  \nBEPS  \nBoD  \nBNS  \nCEQ  \nCIPA  \nCPI  \nCFCs  \nCIT  \nDBK  \nDSGE  \nEPU  \nETS  \nECA  \nEPT  \nEBFs  \nFSC  \nGFSM  \nGHG  \nGNI  \nHIES  \nIFIs  \nICILS  \nIMF  \nIPSAS  \nISSA  \nIDR  \nJERP  \nJSC  \nKSF  \nKTG  \nSAI  \nMTBF  \nMTDS  \nMTEF  \nMET  \nMENR  \nMoES  \nMoE  \nMoF  \nMLSP  \nActive labor market programs  \nAgency for Strategic Planning and Reform  \nAgency for Strategic Planning and Reform  \nBase Erosion and Profit Shifting Board of Directors  \nBureau of National Statistics Commitment to Equity Committee for Internal Public Audit Consumer Price Index Controlled foreign corporations Corporate income tax Development Bank of Kazakhstan  \nDynamic stochastic general equilibrium  \nEconomic Planning Unit Emission Trading System Europe and Central Asia Excess profit tax Extrabudgetary funds Financial Stability Committee  \nGovernment Fiscal Statistics Manual  \nGreenhouse gas  \nGross national income  \nHousehold Income and Economy Survey Independent fiscal institutions  \nInternational Computer and Information Literacy Study International Monetary Fund  \nInternational Public Sector Accounting Standards International Social Security Association Issuer Default Ratings  \nJoint Economic Research Program  \nJoint Stock Company  \nKazakhstan Sustainability Fund  \nKazTransGas  \nLaw on External Audit Medium-term budget framework  \nMedium-term debt management strategy  \nMedium-term expenditure framework Mineral extraction tax  \nMinistry of Ecology and Natural Resources Ministry of Education and Science Ministry of Enlightenment/Education  \nMinistry of Finance  \nMinistry of Labor and Social Protection of Population  \n4 KAZAKHSTAN: STRENGTHENING PUBLIC FINANCE FOR INCLUSIVE AND RESILIENT GROWTH  \nMoSHE Ministry of Science and Higher Education MNE Ministry of the National Economy  \nDPD Debt Policy Department of the Ministry of National Economy SBD State Borrowing Department of the Ministry of Finance M&E Monitoring and evaluation  \nNBK National Bank of Kazakhstan NEDB National Educati","cbCaiorhxGkJFZlT","https://ap.wps.com/l/cbCaiorhxGkJFZlT","pdf",19144672,3,1,192,"English","en",105,"# Contents\n## Introduction\n## Strengthening the Fiscal Framework for Inclusive and Resilient Growth\n## Fiscal Response amid Growing Macro Challenges\n## Assessment of the Fiscal Posture\n## Size of fiscal operations\n## Rigidity in government spending: modest but rising\n## The use of quasi-fiscal activities\n## Government spending and tax multipliers\n## Cyclicality of the fiscal position","[{\"question\":\"What is the document’s main focus?\",\"answer\":\"The review focuses on strengthening Kazakhstan’s public finance for inclusive and resilient growth by analyzing fiscal policy and public financial management.\"},{\"question\":\"How does the report assess Kazakhstan’s fiscal posture?\",\"answer\":\"It evaluates the fiscal posture through multiple lenses, including the size of fiscal operations, spending rigidity, quasi-fiscal activities, spending and tax multipliers, and fiscal cyclicality.\"},{\"question\":\"Why are quasi-fiscal activities important in the report?\",\"answer\":\"The report examines how quasi-fiscal activities affect fiscal operations and provides implications for how they should be understood within the overall fiscal framework.\"}]","Kazakhstan: strengthening public finance for inclusive and resilient growth - 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