The proposal remains to be underneath dialogue and a choice is predicted later this month, they added. A number of the items could also be struck from the checklist.
Kazakhstan has struggled to shut a finances hole following riots in early 2022 that led President Kassym-Jomart Tokayev to consolidate energy and enhance spending. The problem has turn into tougher on account of a delay within the full startup of a challenge to develop manufacturing at Chevron Corp.’s big oil area within the nation.
The Finance Ministry didn’t instantly reply to a request for remark.
Tokayev earlier this 12 months accused the Finance Ministry of budgetary maneuvers to cover a income hole. Final month, the federal government took the emergency step of tapping its nationwide oil fund for nearly $1 billion to assist cowl the finances shortfall.
The ministry is now contemplating export duties as a possible answer.
The proposals for some sorts of uncooked supplies “should be analyzed for financial feasibility,” Serik Zhumangarin, deputy premier answerable for commerce and agriculture, mentioned on his Fb web page earlier this month. The federal government isn’t contemplating an export tax on grain, he mentioned.
(By Nariman Gizitdinov)