Government borrowing was carried out within the approved republican budget deficit for 2024.
In the first quarter of 2023, MoF issued a government securities on the internal market in amount of KZT 1,855.8 billion.
Receipt of external loans amounted to KZT 14.6 billion.
As of April 1, 2024 the public debt amounted to KZT 27,260.3 billion or 20.2% of GDP (at GDP KZT 135,010.8 billion), including:
1) government debt - KZT 25,861.5 billion or 94.9% of public debt.
The structure of government debt is as follows:
- internal debt – KZT 19,066.4 billion (73.7%),
- external debt – KZT 6,795.1 billion (26.3%);
2) internal debt of National Bank of Kazakhstan on a discounted cost (short-term notes) - KZT 500 billion or 1.8% of the total amount of public debt;
3) portfolio of debt obligations of local executive bodies accounted for KZT 898.7 billion or 3.3% of the total amount of public debt.
The government structure:
by repayment periods:
- shot-term – KZT 788.5 billion;
- medium-term – KZT 3,164.0 billion;
- long-term- KZT 21,909.0 billion;
by interest rates:
- fixed – 84%;
- inflation indexed – 3%;
- floating – 13%.
Government debt service payments for the reporting period amounted to KZT 718.4 billion.