"The government's debt management policy is consistent with international experience in debt management," Bektenov said in response to a request from Senate deputies regarding the consideration of the adequacy of borrowing restrictions and the exclusion of the formal nature of threshold values for government borrowing.
He noted that in international practice, a safe level of public debt is considered to be no more than 50-60% of GDP.
"Today, the public debt management policy is carried out within the following financial restrictions and rules defined by the concept of public finance management until 2030. Thus, the national debt should not exceed 32% of GDP, government debt should not exceed 27.5% of GDP, the total government and quasi-government debt should not exceed 53.2% of GDP, and servicing of government debt should not exceed 10% of the republican budget expenditures,” the prime minister said.
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