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International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper conducts a review of taxes on labor in Kazakhstan, which, despite the current relatively low level of collections, have the potential to become an important source of non-oil fiscal revenue. This paper focuses on one group of non-oil taxes, personal income tax and other taxes on labor, and reviews their effective burden, progressivity, and efficiency. These taxes are found to have limited responsiveness to oil-sector fluctuations, and thus help enhance the resilience of public finance to oil shocks. The existing labor tax system is characterized by a low, flat headline rate, limited progressivity except at the lower end of household income distribution due to deduction of the minimum wage, and a relatively high tax burden mainly born by the formal sector. Having a more equitable and efficient labor tax system would involve a targeted strategy for deductions and exemptions, expanding the tax base, and continuing to improve tax design, administration, and collection enforcement.
International Monetary Fund. Middle East and Central Asia Dept.
Selected Issues
International Monetary Fund
At the time of the 2005 review of the Fund’s transparency policy, it was agreed that information on key trends in implementation of the transparency policy would be circulated to the Board regularly, along with lists indicating the publication status of reports discussed by the Board. The set of tables provided in this report updates the last Key Trends2 with information on documents published through December 2009.
Abdul Khan and Mario Pessoa
This technical note describes need of conceptual design as a critical element of a government financial management information system project. Governments are increasingly turning to computerized financial management systems to help them respond to the demand for better information. This note describes the conceptual design for government financial management information systems (GFMIS), and explains why is it critical to the success of a GFMIS project. Key factors that influence the preparation of the conceptual design are discussed. The main stakeholders in the preparation of the conceptual design are also elaborated.
International Monetary Fund
The data quality assessment shows that Kazakhstan is in observance of the Special Data Dissemination Standard, meeting the specifications for coverage, periodicity, timeliness, and the dissemination of advance release calendars. Executive Directors have suggested a set of recommendations that are designed to further increase Kazakhstan’s adherence to internationally accepted statistical practices and enhance the analytical usefulness of Kazakhstan’s statistics. Cross-cutting recommendations, national accounts, consumer and producer price indices, government finance statistics, monetary statistics, and balance of payments statistics were reviewed for the recommendations.
International Monetary Fund

This 2005 Article IV Consultation highlights that Russia is in its seventh year of robust economic growth. This strong performance was ignited by the sharp depreciation in the wake of the 1998 crisis, and subsequently sustained by large terms-of-trade gains, in combination with increased political and macroeconomic stability. Higher output and investment in the oil sector have been key conduits of the broad-based recovery, which is still running its course. Monetary policy remains relatively lax. The economy is expected to continue to grow robustly, although not at the pace seen before last year’s slowdown.

International Monetary Fund
This 2004 Article IV Consultation highlights that Kazakhstan’s economy continues to expand rapidly, with average real growth of more than 10 percent over the past three years, and an estimated 9.1 percent in the first quarter of 2004. Economic growth has been driven by increasing oil production, supported by high oil prices and rising foreign investments. Structural reforms are well advanced compared with other countries in the region, but the implementation of the reform agenda has slowed somewhat since 2000.
International Monetary Fund

This report assesses the Observance of Standards and Codes on Fiscal Transparency for the Republic of Kazakhstan. Kazakhstan has made rapid progress recently in improving its fiscal legislation, simplifying intergovernmental fiscal relations, establishing a new treasury system, and achieving basic accounts transparency. Fiscal reporting and dissemination of information has already achieved a sound level of practice, and can be built upon with relatively little further effort. Promising work has also begun in establishing a disciplined medium-term budget framework.

International Monetary Fund

This report assesses the Observance of Standards and Codes on Fiscal Transparency for the Republic of Kazakhstan. Kazakhstan has made rapid progress recently in improving its fiscal legislation, simplifying intergovernmental fiscal relations, establishing a new treasury system, and achieving basic accounts transparency. Fiscal reporting and dissemination of information has already achieved a sound level of practice, and can be built upon with relatively little further effort. Promising work has also begun in establishing a disciplined medium-term budget framework.