Kazakhstan has reported a robust fiscal performance for the first quarter of 2026, characterized by a significant increase in budget revenues and a steady decline in inflationary pressure.
According to official data from Primeminister.kz, the state budget revenue exceeded its targets by 268.7 billion tenge, totaling 6.44 trillion tenge—a nearly 17% increase compared to the same period last year.
This financial strengthening is largely attributed to higher global prices for Kazakhstan’s key exports and improved tax and customs administration. Simultaneously, the country is witnessing a disinflationary trend. Annual inflation slowed to 11.0% in March 2026, marking six consecutive months of decline since its peak in late 2025.
Economic analysts forecast that with the current trajectory, Kazakhstan is highly likely to reach single-digit inflation by the beginning of 2027, signaling a period of increased macroeconomic stability.
