Kazakhstan's external debt reached $168 bln

14 June, 2018, 15:55 233
 Kazakhstan's external debt reached $168 bln

Over the last three year the Kazakhstan’s external debt has increased by 10 billion dollars or 6 percent.

As of January 1, 2018, the external debt of Kazakhstan amounted to 168 billion dollars,” Chairman of the National Bank of Kazakhstan Daniyar Akishev informed BNews.kz correspondent reports.

"External debt of the public sector is 8 percent, state-controlled organizations - 1 percent, private sector - 14 percent," Daniyar Akishev announced on the sidelines of the Senate.

Moreover, the Chairman of the National Bank noted that in the structure of external debt, 62 percent accounted for intercompany debt, which mainly consists of the debt of branches of foreign companies implementing oil and gas projects in Kazakhstan.

According to him, over the past three years, Kazakhstan's external debt has increased by 10 billion, or 6 percent due to the growth of the state external debt and the organizations under its control, as well as intra-group financing.

"External liabilities of the private financial sector decreased by 4 billion dollars, or 56 percent," Akishev stressed.

In addition, the speaker noted at present the Government is strengthening control over state and quasi-public borrowing. The National Bank, in turn, continues to work to regulate the external debt of financial institutions.