Kazakhstan benefited from the oil boom of 2000–14 that led to income growth and poverty reduction and helped build a fiscal cushion to stabilize the economy during downturns. During this period, nominal GDP per capita increased ten-fold, from US$1,229 in 2000 to US$12,807 in 2014, mainly due to price effects from currency appreciation that followed an expansion of the oil sector. Income growth led to a substantial decline in the poverty rate, from...
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DETAILS
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2017/11/27
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Working Paper
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121677
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1
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1
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2017/11/27
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Disclosed
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Kazakhstan - Enhancing the fiscal framework to support economic transformation : public finance review
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oil revenue
Citation
Kostopoulos,Christos; Sarsenov,Ilyas.
Kazakhstan - Enhancing the fiscal framework to support economic transformation : public finance review (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/406131511790097777