Kazakhstan's VAT Revenue Falls Short of Expectations by Hundreds of Billions of Tenge

Kazakhstan's budget deficit reached approximately 2.9 trillion tenge in the first nine months of 2026. Value Added Tax (VAT) revenues were nearly 686 billion tenge below the planned amount. Total revenues were 16.53 trillion tenge against expenditures of 18.74 trillion tenge. Non-oil deficit also exceeded projections.

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