Finance Ministry to attract 1.5 trln tenge of borrowing in 2015
Astana. February 19. KazTAG - The Ministry of Finance will attract approximately 1.5 trln tenge of borrowings for financing of the budget deficit in 2015, said Bakhyt Sultanov, Minister of Finance.
"The size of budget deficit is planned to increase by 259.4 bln tenge, after specification it will make up 1 trln 256.6 bln tenge, or 3% to the GDP. As for now, the deficit level is quite low in the conditions of countercyclic budget policy and it will not negatively affect the economic security," said Sultanov.
"The debt level is quite comfortable from the point of view of its coverage, at the same time 3% of the GDP is quite high to finance it. We will have to attract about 1.5 trln tenge of borrowing," he said.