The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Kazakh Finance Minister Madi Takiyev stated that the country’s public debt remains manageable and within safe limits. As of the beginning of this year, public debt totaled 36.4 trillion tenge (US$74.7 billion), or 22.8% of the gross domestic product (GDP), significantly below the national target of 32% of GDP.

The Astana Times provides news and information from Kazakhstan and around the world. ASTANA – Rising oil prices driven by escalating tensions in the Middle East have not had a significant effect on Kazakhstan’s tenge, National Bank Chair Timur Suleimenov said on the sidelines of a Mazhilis on June 10. Suleimenov said changes in oil prices typically affect the economy and currency with a lag of one to… The post Kazakhstan Sees No Immediate Tenge Impact from Higher Oil Prices, National Bank Chair Says appeared first on The Astana Times .