01877cas a2200265 a 4500 AALejournalIMF017624 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475598759 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Republic of Kazakhstan : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (61 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues Paper evaluates Kazakhstan's oil rules, current fiscal stance, and long-term sustainability. The sharp and sustained drop in oil prices since 2014 has reduced the value of Kazakhstan's oil wealth. Kazakhstan's non-oil deficit path has been higher than suggested by long-term benchmarks, and adjustment is needed in the coming years to avoid fiscal sustainability risks and to promote intergenerational equity. Price-based fiscal rules can help anchor short- and medium-term fiscal policy. The non-oil deficit path introduced in the new National Fund of the Republic of Kazakhstan concept is broadly consistent with the proposed approach and should be followed by timely and decisive implementation of revenue and expenditure measures. Mode of access: Internet Energy imf Prices imf IMF Staff Country Reports; Country Report ; No. 2017/109 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/109/002.2017.issue-109-en.xml IMF e-Library