ASTANA, Kazakhstan, December 22. Kazakhstan has
established a State Debt Management Council, Trend reports, citing the
country’s Ministry of Finance.
The Council was created through a collaboration between the
Ministry of Finance, the National Bank, and the Ministry of
National Economy of Kazakhstan.
The decision to establish the Council is part of the
implementation of a comprehensive set of measures aimed at ensuring
the sustainability of government finances and improving the balance
of macroeconomic policy in Kazakhstan for the period from 2025
through 2027.
The Council’s activities will focus on developing measures to
enhance the depth, liquidity, and efficiency of the government
securities market. It will also work towards reducing the cost of
government borrowing to finance the budget deficit and creating
relevant benchmarks for the quasi-state sector and corporate
issuers.
The primary tasks of the Council will include making coordinated
decisions on the management of state debt, developing the
government securities market, and shaping policies for the issuance
of securities on both domestic and international markets, all while
considering macroeconomic conditions and debt sustainability.
As of July 1, 2025, Kazakhstan’s national debt reached 31.9
trillion tenge ($61.7 billion), or 21.1% of GDP. Since the
beginning of the year, it has increased by 40 billion tenge ($77.3
million), with the primary driver of this growth being the
financing of the national budget deficit and the utilization of
previously raised loans.
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