BAKU, Azerbaijan, December 12. Kazakhstan expects its current account surplus to reach $1.9 billion in 2023, Galymzhan Pirmatov, Governor of the National Bank of Kazakhstan, said on the sidelines of the extended meeting of the Government chaired by the president, Trend reports, citing Kazakh media.
According to the governor, the expected move of the account of the balance of payments into a surplus zone will be achieved due to the growth of exports of goods as a result of high global prices for oil, metals, uranium and grains.
Pirmatov expects the current account surplus to decrease to $1.2 billion in 2024, however.
The key driver of the decline, according to the governor, will be the high demand for imported goods in the following two years.
He added that imports will remain high in 2023 and 2024, and expects this indicator to reach an all-time high. Pirmatov stated that it is expected that 2023-2024 imports will increase twofold compared to 2016 figures.