Kazakhstan Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Kazakhstan's budget deficit was -2.45% in 2025, ranked 75th globally. This represents a 53.6% decrease from 2024. Data from IMF WEO, covering 2002–2025.
Overview
Kazakhstan's budget deficit stood at -2.45% in 2025, a decline of +0.86% from 2024. The IMF projects -2.45% by 2025. Kazakhstan ranked 75th globally.
Kazakhstan’s budget deficit has narrowed sharply from an all‑time peak of 7.65 percent of GDP in 2006 to a historic trough of –7.04 percent in 2020, reflecting a swing from large fiscal shortfalls to a surplus during the pandemic‑related fiscal stimulus withdrawal. By 2025 the deficit stands at –2.45 percent, placing Kazakhstan at rank 75 globally and matching Slovenia’s –2.45 percent figure, while slightly better than the Central African Republic’s –2.46 percent. The 24‑year series shows that the post‑2020 surplus was largely a product of higher commodity revenues and restrained spending, yet the recent modest deficit signals a gradual rebalancing as the government readjusts fiscal policy amid slower growth. Continued diversification away from hydrocarbon dependence and disciplined expenditure could sustain the current trajectory toward a smaller deficit, whereas a resurgence of external shocks or fiscal loosening might reverse the modest improvement.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.95% | - | - |
| 2029* IMF | -1.27% | - | - |
| 2028* IMF | -1.75% | - | - |
| 2027* IMF | -2.07% | - | - |
| 2026* IMF | -2.34% | - | - |
| 2025* IMF | -2.45% | - | - |
| 2025 | -2.45% | −0.86% | #75 |
| 2024 | -1.60% | −0.07% | #120 |
| 2023 | -1.52% | −1.63% | #123 |
| 2022 | 0.11% | +5.07% | #148 |
| 2021 | -4.97% | +2.07% | #76 |
| 2020 | -7.04% | −6.47% | #82 |
| 2019 | -0.57% | −3.15% | #120 |
| 2018 | 2.58% | +6.85% | #168 |
| 2017 | -4.27% | +0.24% | #46 |
| 2016 | -4.50% | +1.76% | #53 |
| 2015 | -6.26% | −8.74% | #37 |
| 2014 | 2.48% | −2.46% | #171 |
| 2013 | 4.95% | +0.52% | #178 |
| 2012 | 4.43% | −1.38% | #172 |
| 2011 | 5.81% | +4.34% | #179 |
Detected Pattern
Analysis
Kazakhstan matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Kazakhstan's budget deficit was -2.45% in 2025. Ranked 75th globally. This represents a 53.6% decrease from the previous year.
Kazakhstan's budget deficit peaked at 7.65% in 2006.
The lowest budget deficit in Kazakhstan was -7.04% in 2020.
Kazakhstan ranks 75th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Kazakhstan's budget deficit is projected to reach -2.45% by 2025 based on IMF projection.
The budget deficit of Kazakhstan in 2025 was -2.45%. This ranks 75th in the world.
Cite this page
@misc{historysaid_kazakhstan_budget-deficit,
title = {Kazakhstan Budget Deficit},
url = {https://historysaid.com/kazakhstan/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}