PROJECT OF KAZAKHSTAN BUDGET IS CALCULATED AT 157.0 TENGE/$1 WITH 9.0% INFLATION AND GDP OF $13.6 BLN

/Almaty office of REUTERS, Sept.03, 99/ - Deputies of Kazakhstan parliament received the protect of republican budget for year 2000, which provides revenues of 286.4 billion tenge, expenses, including debt servicing - 404.8 billion tenge, and deficit of 63.8 billion tenge or 3.0 percent of GDP. The protect of the budget, whose text is possessed by Reuters, is supplemented by macroeconomic forecast for three years. By this forecast in year 2000 yearly average exchange rate of tenge against dollar will be 157.0, inflation - 9.0 percent, and GDP - 2,128.0 billion tenge ($13.6 billion). Following are the main figures of macroeconomic forecast for years 2000- 2002 compared with forecast for 1999: 1999 2000 2001 2002 ------------------- ------- ------- ------- ------- GDP (bln tenge) 1,824.1 2,128.0 2,358.4 2,548.2 ($ bln) 15.3 13.6 13.9 14.2 inflation 16.8% 9.0% 5.9% 4.0% tenge exchange rate against US dollar 119.1 157.0 170.2 179.1 tenge depreciation within a year 52.1% 28.5% 8.4% 5.2% ------------------- ------- ------- ------- -------