ASTANA - Kazakhstan's state budget execution exceeded planned targets for January–May 2026, Zakon.kz reports, citing the Ministry of Finance.
Over the five months, the budget received over 11.4 trillion tenge ($23.2 billion), 16% higher than the same period in 2025. Republican budget revenues amounted to 7.41 trillion tenge, compared to the planned 7.34 trillion tenge, achieving 100.9% execution. Compared to last year, they increased by 25.1%, or 1.48 trillion tenge. Revenues to local budgets increased to 4.05 trillion tenge, 2.4% higher than the previous year.
Tax revenues account for 97.7% of the republican budget's revenue structure. The tax plan was 100.5% fulfilled, with an increase of over 30%. The main contributors were value-added tax, corporate income tax, mineral extraction tax, and export customs duty on crude oil.
The Ministry of Finance emphasizes that the positive trend is due to favorable pricing conditions in global commodity markets, increased economic activity, increased business activity, and the effects of ongoing tax reforms.
The state budget retains its status as a development budget. A significant portion of funds is allocated to infrastructure projects, including the construction and modernization of highways, the development of transport and logistics corridors, the modernization of engineering and public utility infrastructure, as well as projects in energy, water supply, and digitalization.
The Ministry estimates that the implementation of these projects will improve regional connectivity, improve public access to services, stimulate job creation, and attract additional private investment. Overall, the results of the first five months confirm the sustainability of the budget revenue base and the continued positive macroeconomic dynamics.
CentralasianLIGHT.org
June 1, 2026