On the establishment of the Public Debt Management Council

The Ministry of Finance of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan and the Ministry of National Economy of the Republic of Kazakhstan, announces the creation of a consultative and advisory body - the Council for Public Debt Management.

The decision was made within the framework of the implementation of a set of measures to ensure the sustainability of public finances and improve the balance of macroeconomic policy of the Republic of Kazakhstan for 2025-2027.

The Ministry of Finance of the Republic of Kazakhstan together with the National Bank of the Republic of Kazakhstan and the activities of the Council will be aimed at forming measures to increase the depth, liquidity and efficiency of the government securities market, reduce the cost of government borrowing to finance the budget deficit and form appropriate benchmarks for the quasi-public sector market and corporate issuers.

The main tasks of the Council will be to make coordinated decisions on public debt management, the development of the government securities market and the formation of a policy for their issuance in the domestic and foreign markets, taking into account macroeconomic conditions and debt sustainability.

The creation of the Public Debt Management Council reflects the commitment of the Ministry of Finance of the Republic of Kazakhstan, the National Bank and the Ministry of National Economy of the Republic of Kazakhstan to effectively coordinate fiscal and monetary policies, as well as prioritize tasks for the development of the domestic securities market.

The development of an efficient and liquid market for government securities is considered as an important element in increasing the stability of public finances, forming market benchmarks for yields and creating the basis for the further development of the country's stock market.