Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Kazakhstan Still Targets 6% GDP Growth as Tax Drop Triggers Cuts

Kazakhstan reiterated its 6 percent economic-growth forecast for this year even as falling corporate-tax revenue prompted the government to cut spending.

Corporate taxes will fall 229.9 billion tenge ($1.5 billion) short of the previous plan, Economy and Budget Planning Minister Erbolat Dosayev told a Cabinet meeting today in Astana, according to an e-mailed copy of his speech. Budget revenue will be 3.588 trillion tenge, 226.1 billion tenge less than envisaged earlier, he said, confirming a 121.3 billion-tenge reduction in spending to 6.1 trillion tenge.

The European Bank for Reconstruction and Development cut Kazakhstan’s 2013 growth forecast this month to 4.9 percent from 6 percent in January. The reduction reflects weaker expansion in neighboring Russia and delays in new energy projects, the EBRD said on its website.

-- With assistance from Agnes Lovasz in London. Editors: Andrew Langley, Balazs Penz

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.