Kazakhstan’s external debt increases

Business Materials 30 March 2018 15:19 (UTC +04:00)

Baku, Azerbaijan, March 30

By Ali Mustafayev – Trend:

Kazakhstan's gross external debt amounted to $167,484.7 million as of January 1, 2018, increasing by 2.35 percent in 2017 ($163,631.7 million as of January 1, 2017), the National Bank of Kazakhstan said in a message.

The state external debt of Kazakhstan, guaranteed by the state, as of January 1, 2018 amounted to $14,307.9 million (which is 8.5 percent of the total gross external debt), compared to $13,676.7 million (8.4 percent) the same period of 2017.

The external debt, not guaranteed by the state, amounted to $153,176.7 million (91.5 percent). The share of inter-company debt in the total gross external debt of the country, in turn, amounted to 62.4 percent ($104,463 million) as of January 1, 2018, which is 1.6 percent less year over year ($104,767.5 million).

As of the beginning of 2018, 62 percent of the external debt structure accounts for inter-company debt, 26 percent - for external debt of other sectors to unrelated creditors, 8 percent – for state external debt (the government and the National Bank) and 4 percent accounts for external liabilities of the banking sector (second-tier banks and Development Bank of Kazakhstan JSC).