Rise in the budget deficit resulted in government securities' interest rates increase
12:17, 29 January 2013
ASTANA. January 29. KAZINFORM The rise in the budget deficit by KZT 203.5 billion in the second half of 2012 has led to a sharp rise of interest rates on government securities in the domestic market," Kazakh Minister of Finance Bolat Zhamishev said today during the Government session.
As the head of the Finance Ministry noted, taking into account, the amount of government securities of KZT 2 896.9 billion (USD19.2 billion), interest rates' rising significantly increases the cost of servicing debt.