ASTANA, Kazakhstan, July 15. Kazakhstan has seen an increase in public debt by 40 billion tenge ($76.3 million) since the beginning of 2025, while the debt remains within the established limit, said the country’s Finance Minister Madi Takiyev at a meeting of the Government of Kazakhstan, Trend reports.
According to him, as of July 1, 2025, the public debt amounted to 31.9 trillion tenge ($60.9 billion).
"The main factor behind the increase is the financing of the republican budget deficit and the disbursement of previously secured loans," said Takiyev.
Thanks to outpacing GDP growth, the ratio of public debt to gross domestic product continues to decline. While in 2020 the public debt stood at 29.2 percent of GDP, it dropped to 23.5 percent in 2024 and is projected to reach 21.1 percent in 2025.
The public debt limit set through 2030 is being adhered to, Takiyev emphasized.
Today, the Government of Kazakhstan held a meeting to discuss the results of socio-economic development and the execution of the national budget for January–June 2025. A media briefing is currently being held following the session.
