Kazakhstan’s external debt hits $5.5 billion at end of 2012

Business Materials 30 May 2013 17:51 (UTC +04:00)

Azerbaijan, Baku, May 30 / Trend E. Kosolapova/

Kazakhstan's external debt hit $5.5 billion at the end of 2012, the Chairman of Kazakh National Bank Grigory Marchenko said at the plenary session of the Majilis (Parliament's lower chamber), Prime-Minister's press-service reported.

"Gross external debt of Kazakhstan including inter-company debt amounted to $137 billion at the end of 2012, while the external public debt including Government's and National Bank's liabilities hit $5.5 billion," Marchenko said.

Meanwhile, the external debt of non-banking sector hit $118 billion, including $66.5 billion of inter-company debt, the Chairman of the National Bank said.

Moreover, according to Marchenko, Kazakh banks' external liabilities decreased by $2.2 billion in 2012. The money supply increased by 7.9 percent, the amount of cash by 11.9 percent.

"In January-April 2013, money supply contracted 1.3 percent. So, the money supply grew by 5 percent, the cash reduced by 5.8 percent," he said.