Kazakhstan: Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 27 May 2022 by Alexander Kudrin

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May 13 Ministry of Agriculture: Kazakhstan introduces a ban on the export of sugar for six months May 16 Bureau of National Statistics: Kazakhstan’s foreign trade balance reached $9.6 bln in 1Q22 (+$6.3 bln y-o-y) Bureau of National Statistics: Agricultural production reached KZT974.3 bln in Jan-Apr 2022 (+1.9% y-o-y) Bureau of National Statistics: Oil production in Jan-Apr 2022 grew by 5.3% y-o-y to 25.3 mln tons Bureau of National Statistics: Investments in fixed assets in Jan-Apr 2022 grew by 2.3% y-o-y to KZT104.6 bln Bureau of National Statistics: Production of raw steel in Jan-Apr 2022 grew by 1.5% y-o-y to 1.4 mln tons Bureau of National Statistics: Cargo turnover in Jan-Apr 2022 grew by 9.1% y-o-y to 195.9 mln ton-kilometers May 20 KazTransOil: Transportation tariffs for oil export via pipelines will be increased by 20% since Jun 1 May 21 Ministry of Foreign Affairs: Mr Tleuberdi, Minister of Foreign Affairs of Kazakhstan, held talks with US Secretary of State Anthony Blinken during his visit to Washington. He mentioned that in line with the multi-vector foreign policy, Kazakhstan will continue to strengthen cooperation with the US. Mr Tleuberdi provided details of the reforms aimed to build a "New Kazakhstan" and the upcoming referendum on amendments to the Constitution May 24 Ministry of Finance: In 4M22 total revenues of the consolidated budget) accounted for 45.5% of the amended annual plan (KZT15.8 trln) and reached KZT7.2 trln. The consolidated budget comprises the republican budget, local budgets, and the National Fund net of mutual transfers. Expenditures of the consolidated budget accounted for 31.7% of the amended annual plan. The consolidated budget ...