Strong Tenge Could Pose Budgetary Challenges Amidst Falling Oil Prices
A strong tenge, combined with declining oil prices and slower export revenue, could pressure Kazakhstan's budget. Analyst Ramazan Dosov noted that while the budget is calculated on average parameters, not specific dates, a sustained strong currency alongside lower oil prices might necessitate budget adjustments. However, higher oil prices and export growth have so far compensated for the strong tenge's effect.
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