Kazakhstan's external debt stands at 8.4 trillion tenge, minister says

September 23, 2026 at 11:57 AM1 min

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Kazakhstan's external debt totals 8.4 trillion tenge, or 4.5% of GDP, Deputy Prime Minister and National Economy Minister Serik Zhumangarin told the Kurultai general session on September 23, 2026. Government debt fell to 20% of GDP as of July 1, 2026, while total state debt reached 20.9% of GDP, both below the 32% ceiling. Zhumangarin said the country ranks among the world's lowest in government debt.

Key Facts

Kazakhstan's external debt is 8.4 trillion tenge, equivalent to 4.5% of GDP, as announced by Serik Zhumangarin on September 23, 2026.
Government debt fell to 20% of GDP as of July 1, 2026, down from previous levels due to GDP growth.
Total state debt reached 20.9% of GDP as of July 1, 2026, below the 32% ceiling set by Kazakhstan's indicator.
State debt in absolute terms was 38.5 trillion tenge as of July 1, 2026, according to Zhumangarin.

Debt Figures

Deputy Prime Minister and National Economy Minister Serik Zhumangarin disclosed the external debt figure at the Kurultai general session on September 23, 2026. External debt stands at 8.4 trillion tenge, which is 4.5% of GDP, a level Zhumangarin described as very low by international standards. As of July 1, 2026, government debt was 20% of GDP, down from earlier levels because GDP has been growing. Total state debt was 20.9% of GDP, below the 32% ceiling, and amounted to 38.5 trillion tenge in absolute terms.

Debt Management

Zhumangarin said all borrowed funds are under control. He stated that Kazakhstan is among the countries with the lowest government debt in the world. The minister emphasized that the situation is very stable because the debt indicators remain below the 32% threshold.