The Data: Coverage, Frequency, and Timeliness

Coverage characteristics

External debt at the reporting date represents the outstanding amount of current unconditional obligations of residents of the Republic of Kazakhstan to non-residents, which requires repayment of principal and / or interest in the future.
Data on external debt cover the debt of all institutional sectors of the economy of the Republic of Kazakhstan to non-residents, regardless of the currency in which the debt is denominated. Overdue debt is included in liabilities for the instrument for which it arose.
The key characteristic of external debt is the obligation of the debtor to pay principal and / or interest, therefore it does not include: capital, financial derivatives, guarantees and other contingent liabilities. The methodological basis for the compilation of external debt statistics is the External Debt Statistics: A Guide for Compilers and Users, 2013, as well as the sixth edition of the International Monetary Fund's Guide to the Balance of Payments and International Investment Position (BPM6), 2009.

Data on the state of external debt at the reporting date provide for the following main classifications:
– by institutional sector - government, central bank, banks, other sectors, intercompany debt;
– by maturity - short-term (with an original maturity of one year or less, or payable on demand) and long-term (with an original maturity of more than one year);
– by type of debt instruments - cash and deposits, debt securities, loans and borrowings, trade credits and advances, other obligations, special drawing rights.

Sources of information for the formation of external debt are:
– statistical and administrative reports of banks, other financial and non-financial organizations, including government bodies and branches of foreign companies, administrative reports of individuals;
– accounting and other reporting data of the National Bank.

Data is generated in US dollars.

Periodicity

Submission timeline

Public availability

Advance Release Calendar 

Dissemination of information on the regulatory and legal conditions for the generation of statistical data, including the observance of the confidentiality of information on individual respondents

The collection and dissemination of data on international investment position is governed by:

• Law of the Republic of Kazakhstan dated March 30, 1995 №2155 “On the National Bank of the Republic of Kazakhstan”. According to Article 8 of the Law, the functions of the National Bank include the formation and dissemination of statistical information on the balance of payments, international investment position and external debt of the country.
• Decree of the Government of the Republic of Kazakhstan dated January 29, 1999 №71 "On the development of the balance of payments of the Republic of Kazakhstan."
According to this decree, the National Bank is the state body responsible for the formation and publication of the balance of payments, and is empowered to collect statistical information on the balance of payments from all respondents.
• The Law of the Republic of Kazakhstan dated March 19, 2010 №257-IV "On State Statistics"
According to the Law, primary statistical data are confidential and are used by state statistics bodies solely for the production of statistical information. The confidentiality of primary statistical data by state statistics bodies is ensured during their collection, processing and storage.
• The Code of the Republic of Kazakhstan on Administrative Offenses dated July 5, 2014 # 235-V.
The Code provides for penalties for the loss, sale, transfer or other illegal disclosure of primary statistical data, statistical information and (or) databases that allow the identification of a respondent by an official of the state statistics bodies, a subordinate organization of the department of the authorized body in the field of state statistics.

The Balance of Payments Department of the National Bank of the Republic of Kazakhstan is responsible for compiling external debt statistics.

Quality

The National Bank disseminates external debt statistics in presentations with varying degrees of data granularity:
– standard components;
– analytical presentation;
– net external debt;
– coordination of flows and stocks;
– absolute and relative parameters of external debt.
In addition, on a quarterly basis, the National Bank's website publishes tables on external debt by countries of lenders, industries of borrowers, sectors of lenders and borrowers, interest rates, currencies of liabilities, by maturity, a schedule of payments for servicing external debt, as well as tables for debt securities issued by residents and owned by non-residents at the place of issue; on the terms of attracting external loans; on the external debt of the public sector in the extended definition.

External debt indicators are correlated with international investment position statistics: external debt data are in full agreement with liabilities on debt instruments, excluding derivatives, from the international investment position.

Data on external debt are published in the official publications of the NBRK “Statistical Bulletin” (monthly), “Balance of payments and external debt of the Republic of Kazakhstan” (quarterly) and in the Annual Report of the National Bank of Kazakhstan.