In 2025, jointly with the World Bank and Asian Development Bank, an assessment of public expenditure and financial accountability (PEFA) of Kazakhstan was conducted for the period 2022-2024.
The PEFA assessment shows how effectively a country manages its public finances and provides important information for international rating agencies and investors.
The assessment covers aspects of financial reporting transparency, forecasting, and planning of expenses and revenues, tax and budget strategy, external control and audit.
The assessment also involved the Majilis of the Parlament of the Republic of Kazakhstan, the Supreme Audit Chamber, the Ministry of National Economy and Ministry of Ecology and Natural Resources.
This is a third time such an assessment has been conducted in Kazakhstan (previous reports were published in 2009 and 2018).
According to public information posted on the PEFA website, among countries that have conducted assessments since 2019 and published their reports, Kazakhstan has demonstrated high results and the leader among Central Asian countries.
The PEFA assessment for 2022-2024 shows an improvement compared to previous results:
Compared to the 2018 assessment, the number of “A” grades increased from 5 to 12, the “B” score 11 (remained at the same level), while the number of “C” scores decreased from 11 to 6, “D” from 4 to 2.