Kazakhstan's three-year budget bill approved by Kurultai

Deputies of Kazakhstan's Kurultai approved in first reading a bill “On the Republican Budget for 2027-2029”, NUR.KZ reported, citing the parliament's press service. The Kurultai's Telegram channel said the document includes priorities such as preserving macroeconomic stability, fulfilling all social obligations and accelerating infrastructure development.

Under the draft, average annual GDP growth over the medium-term period is forecast at 5.4%. The target corridor for annual inflation is set at 7.5-9.5% in 2027, falling to 6% by 2029. The republican budget deficit is planned to be reduced to 0.4% of GDP by the end of the period, while own revenues are to rise to 23.4 trillion tenge. The guaranteed transfer from the National Fund will be gradually reduced to 2 trillion tenge.

For 2027, own revenues are forecast at 19.9 trillion tenge, with tax receipts making up the largest share, and transfers at 5.5 trillion tenge. Expenditures are projected at 30.2 trillion tenge, a third of which will go to human capital. Real sector development receives 3.7 trillion tenge. Deputies flagged the need to improve forecasting accuracy, reduce reliance on National Fund transfers and strengthen oversight of public debt.