Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning

Real GDP growth is to be maintained at 6%, the country’s Minister of Economic Affairs and Budget Planning Erbolat Dossayev said at a government sitting May 14. May 10 the European Bank for Reconstruction and Development cut down its economy growth estimated for Kazakhstan from 6% to 4.9%. The Bank’s experts assigned the slowdown to the decreasing GDP growth in the neighboring Russia. Earlier Minister Dossayev had said that GDP growth in Kazakhstan would make up around 5% in the H1 2013 and reach 6% in the H2 2013. “The earlier announced inflation rate will be kept within the range of 6-8%”, the Minister said. The budget deficit in 2013 has been raised from 2.2% to 2.5% of the country’s GDP, according to the Minister.

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