Kazakhstan's foreign debt has increased by more than $ 70 billion in recent years, amounting to $ 168.92 billion as of October 1, 2017, reports LS.

According to the National Bank, the growth of external debt was due to an increase in intercompany debt, associated mainly with the implementation of oil and gas projects by branches of foreign companies in the country. At the beginning of 2008, the country's foreign debt was $ 96.89 billion. During this period, the state and publicly guaranteed debt was at $ 2 billion.

A sharp change in the country's external debt occurred after 2013. In early 2013, this figure was $ 136.91 billion, whereas in 2014 it rose to $ 150 billion. In the same years there was an increase in public debt from $ 5.9 billion to $ 6.2 billion and by 2015 it reached $ 8 , 7 billion.

According to the regulator, as of October 1, 2017, the debt amounted to $ 168.9 billion, having increased by 0.6%, or $ 1 billion, for the third quarter of 2017. For the third quarter of 2017, this indicator grew mainly due to operational changes (+ $ 1 , 2 billion), while exchange rate and price fluctuations of financial instruments (revaluation) amounted to (-) $ 127.3 million, and other changes - (-) $ 126.1 million.

In its structure, 62% are intercompany debt, 26% - external debt of other sectors to unrelated creditors, 8% - state external debt (government and National Bank), 4% - external liabilities of the "banks" sector.

“The Qazaq Times”