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Republic of Kazakhstan: Selected Issues and Statistical Appendix

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  • 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.

Suggested Citation

  • International Monetary Fund, 2002. "Republic of Kazakhstan: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2002/064, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/064
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15731
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    Citations

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    Cited by:

    1. Mr. Thomas Baunsgaard, 2003. "Fiscal Policy in Nigeria: Any Role for Rules?," IMF Working Papers 2003/155, International Monetary Fund.
    2. Leslie Shiell & Colin Busby, 2008. "Resource Revenues and Fiscal Sustainability in Alberta," Working Papers 0807E, University of Ottawa, Department of Economics.
    3. Mr. Jan-Peter Olters & Mr. Daniel Leigh, 2006. "Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon," IMF Working Papers 2006/193, International Monetary Fund.
    4. International Monetary Fund, 2005. "Trinidad and tobago: The Energy Boom and Proposals for a Sustainable Fiscal Policy," IMF Working Papers 2005/197, International Monetary Fund.
    5. Mr. Alonso A Segura Vasi, 2006. "Management of Oil Wealth Under the Permanent Income Hypothesis: The Case of São Tomé and Príncipe," IMF Working Papers 2006/183, International Monetary Fund.
    6. Sweder van Wijnbergen & Nina Budina, 2011. "Fiscal Sustainability, Volatility and Oil Wealth: A Stochastic Analysis of Fiscal Spending Rules," Tinbergen Institute Discussion Papers 11-068/2, Tinbergen Institute, revised 16 May 2011.

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