Business

Fitch Remains Optimistic, Forecasts Kazakhstan’s Budget Deficit to Narrow in 2021

By Assel Satubaldina on 21 January 2021

NUR-SULTAN – Kazakhstan’s fiscal deficit is expected to narrow to 2.1 percent of the country’s gross domestic product from the current 6.4 percent, said Fitch Rating analysts in their latest report devoted to the recent parliamentary elections in Kazakhstan.  The forecast along with a balanced budget, they explained, is...