According to him, the government revised its macroeconomic indicators due to external shocks that have persisted for about six months and are not yet abating.

«Inflation expectations are very high today. We forecast 14-15 percent with a baseline of 9 percent,» Amangeldiev said.

He noted that one of the main risks remains a sharp increase in the price of fuel and lubricants. The rise in the cost of diesel fuel, which is used in agriculture, the mining and processing industries, and public transportation, is particularly sensitive to the economy.

To prevent a sharp rise in prices for goods and services, the Cabinet of Ministers introduced a mechanism to partially compensate oil traders for their expenses from the republican budget. State regulation applies to AI 92 gasoline and diesel fuel.

Amangeldiev added that the updated forecasts were reviewed at a meeting of the Coordinating Council on Macroeconomic and Investment Policy.