Government borrowing was carried out within the approved republican budget deficit for 2024.
In the first half of 2024, MoF issued a government securities on the internal market in amount of KZT 3,612,7 billion.
Receipt of external loans amounted to KZT 47.6 billion.
As of July 1, 2024 the public debt amounted to KZT 28,721.4 billion or 21.3% of GDP (at GDP KZT 134,952.3 billion), including:
1) government debt - KZT 27,324.8 billion or 95.1% of public debt.
The structure of government debt is as follows:
- internal debt – KZT 20,186.1 billion (74%),
- external debt – KZT 7,138.7 billion (26%);
2) internal debt of National Bank of Kazakhstan on a discounted cost (short-term notes) - KZT 400.6 billion or 1.4% of the total amount of public debt;
3) portfolio of debt obligations of local executive bodies accounted for KZT 996.0 billion or 3.5% of the total amount of public debt.
The government structure:
by repayment periods:
- shot-term – KZT 686.7 billion;
- medium-term – KZT 3,245.2 billion;
- long-term- KZT 23,392.9 billion;
by interest rates:
- fixed – 84%;
- inflation indexed – 3%;
- floating – 13%.
Government debt service payments for the reporting period amounted to KZT 1,390 billion.