Government borrowing was carried out within the revised republican budget deficit for 2023.
In the first half of 2023 internal borrowing by issuing a government (state) securities was made in amount of KZT 3 548.2 billion.
External borrowing was made in amount of KZT 206.0 billion.
As of July 1, 2023, the public debt amounted to KZT 28,542.3 billion or 24.1% of GDP (in amount of GDP KZT 118 286.9 billion), including:
1) government debt - KZT 24,623.7 billion or 86.3% of public debt.
The structure of government debt is as follows:
- internal debt – KZT 17,045.6 billion (69.2%),
- external debt – KZT 7,578.1 billion (30.8%);
2) internal debt of National Bank of Kazakhstan on a discounted cost (short-term notes) - KZT 2,842.3 billion or 10.0% of the total amount of public debt;
3) portfolio of debt obligations of local executive bodies amounted to KZT 1,076.3 billion or 3.8% of the total amount of public debt.
The government structure:
by maturity:
- short-term – KZT 632.2 billion;
- medium-term – KZT 3,183.2 billion;
- long-term- KZT 20,808.3 billion;
by interest rates:
- fixed – 82%;
- inflation indexed – 3%;
- floating – 15%.
Government debt service payments for the said period was amounted to KZT 1,054.2 billion.