As of July 1, 2003 total state debt of Kazakhstan, issued as GS, grew 29.8% in tenge and 36.4% in dollars

/IRBIS, July 8, 03/ - As of July 01,2003 total state debt of Kazakhstan, issued as government securities (GS), including municipal bonds, along with the servicing (amount of future coupon payments) grew in current prices 29.8% in tenge or by KZT110,907.3, and 36.4% in dollars or $872,389.1 th at official rate of tenge to dollar. The specialists of IRBIS came to this conclusion after making the analysis on the database of the agency. During the corresponding period of 2002 the growth og the debt of this type in current prices grew 11.1% in tenge or by KZT36,291.3 m, and 9.0% in dollars or by $195,991.9 th. As it was informed by IRBIS earlier, according to estimates of agency specialists as of July 1, 2003 total state debt of Kazakhstan, issued as GS, including municipal bonds, along with servicing totaled in current prices KZT483.7bn or $3,268.0 m at 148.00 tenge per dollar. Nominal price of the debt for the first half year 2003 up 41.5% or by KZT123,116.7 m (in dollar equivalent - by 48.8% or by $929,773.0 th), total amount of predicted coupon payments down 16% or by KZT12,209.4 m (by 11.7% or by $57,383.9 th). At that: internal debt of the Ministry of finance for the first half year decreased by 16.1% or KZT5,087.7 m (including nominal price grew by 0.6% or KZT795 m, but total amount of interest payments fell by 16.7% or KZT5,882.7m; external debt of the Ministry of finance, issued as euronotes of sovereign debt in US dollars, declined by 15.3% or $38,203.1 th, due to decrease in sum of future coupon payments; internal debt of the National Bank of Kazakhstan, issued as short- term notes, grew 2.90 times or by KZT122,849.4 m; internal debt of local executive bodies (akimats), issued as indexed to tenge devaluation bonds, grew by 53.1% or KZT5,450.9 m (in dollars - by 61.0% or $40,218.8 th), including face value - by 50.5% or KZT4,222.4 m (58.3% or $31,286.2 th), total amount of future coupon rates - by 64.2% or by KZT1,228.5 m (72.6% or $8,932.6 th). Present data shows that the growth of state debt, issued as GS, in the first half year occurred mainly due to issue of the short-term notes by the National Bank of Kazakhstan, which are offered for temporary impressments of redundant monetary mass. The agency IRBIS draws the attention of its subscribers and mass media to the fact that these data are not official and were obtained through an analysis of the information on primary GS market from the databases of the agency. [2002-07-08]