Oil, exchange rates and economic activity - these three pillars of the consolidated budget helped boost tax revenues to the state budget. According to the Association of Financiers of Kazakhstan, over the first nine months of the year the taxes collected in the country made up 5.4 trillion tenge, which is 71 percent more compared to the same period last year. Higher oil prices, the strengthening of the US dollar against the budget indicators, combined with the positive economic growth of the country, led to a significant increase in tax revenues, financial analysts note. By the end of 2022, it is planned to collect approximately 18 trillion tenge of taxes in Kazakhstan. However, this figure may be even higher, experts note.
