Government borrowing was carried out within the revised republican budget deficit for 2023.
In 2023, MoF issued a government securities on the internal market in amount of KZT 5,096.3 billion.
Receipt of external loans amounted to KZT 251.9 billion.
As of January 1, 2024 the public debt amounted to KZT 27,165.7 billion or 22.8% of GDP (at GDP KZT 119,123.7 billion), including:
1) government debt - KZT 24,914.7 billion or 91.7% of public debt.
The structure of government debt is as follows:
- internal debt – KZT 17,834.0 billion (71.6%),
- external debt – KZT 7,080.7 billion (28.4%);
2) internal debt of National Bank of Kazakhstan on a discounted cost (short-term notes) - KZT 1,200.0 billion or 4.4% of the total amount of public debt;
3) portfolio of debt obligations of local executive bodies accounted for KZT 1,051.0 billion or 3.9% of the total amount of public debt.
The government structure:
by repayment periods:
- shot-term – KZT 622.6 billion;
- medium-term – KZT 3,070.4 billion;
- long-term- KZT 21,221.7 billion;
by interest rates:
- fixed – 82%;
- inflation indexed – 3%;
- floating – 15%.
Government debt service payments for the reporting period amounted to KZT 1,808.1 billion.