Kazakh Government approved draft regulations on securities' issue on foreign markets

Presenting the draft at the session of the Government, Kazakh Finance Minister Bolat Zhamishev noted this draft is designed to finance the deficit of the national budget in 2013 through the issuance of government securities on the external capital markets (Eurobonds) in current historical low base interest rates.

However, the finance minister said that the state budget deficit for the current year is approved in the amount of 785.2 billion or 2.1% of GDP.

In general, the government's debt at January 1, 2013 amounted to 3626.3 billion, the share of domestic debt - 80% or 2,896.9 billion (USD 19.2 billion), the share of external debt - 20%, or 729, 3 billion (USD 4.8 billion).