Government-by-Government Assessments: Kazakhstan
During the review period, the government published its executive budget proposal and enacted budget, but not its end-of-year report in a reasonable period of time. Information on debt obligations was widely and easily accessible to the public, including online. The budget was substantially complete and generally reliable. The supreme audit institution reviewed the government’s accounts and made its reports publicly available, however it. did not meet international standards of independence. The process for allocating licenses and contracts for natural resource extraction was outlined in law and appeared to be followed in practice. Basic information on natural resource extraction awards was publicly available. Sovereign wealth funds disclose source of funding and general approach to withdrawals. Kazakhstan’s fiscal transparency would be improved by:
* publishing its end-of-year report within a reasonable period of time; and
* ensuring its supreme audit institution meets international standards of independence.
Source: U.S. Department of State, Bureau of Economic and Business Affairs
