Kazakhstan 2003 Budget Based On Oil Price Of $21.20/B, Azerbaijan On $19.50/B
Kazakhstans 2003 draft budget has been based on an oil price assumption of $21.20/B. The government has put expected revenues at 621.6bn tenges ($3.98bn) and planned expenditure at 704.4bn tenges ($4.51bn). GDP is expected to be 4,144bn tenges ($26.51bn). The budget deficit is therefore around 2% of GDP and the government plans a deficit at this level for the next three years.