Public sector external debt in an expanded definition
The separation of PSED into a separate analytical category was dictated by the need for reliable and timely statistics on explicit and implicit public sector debt, because it is an important element in ensuring the long-term sustainability (including external sustainability) of public finances of the country.
The PSED is compiled and assessed on the basis of the Guidelines for Compilers and Users of External Debt (IMF, 2013) in accordance with the standard accounting rules and definitions set out in the 6th edition of the Balance of Payments and International Investment Position Manual.
There are two levels of data disaggregation in the statistical report of the PSED: by the institutional sectors (general government, central bank, banks, other sectors and intercompany lending) and by the maturity of the external debt (short-term and long-term by original maturity). For analytical purposes, similar data disaggregation is also applied to the external debt of the private sector, which does not include debt of the government, central bank and enterprises with 100% governmental ownership.
Enterprises are classified as the public sector corporations based on the information of the State property and privatization committee of the Ministry of Finance of the Republic of Kazakhstan (https://www.gosreestr.kz), information of national holding companies owned by the government, companies’ charters and publicly available sources of information.
PSED statistical reports are compiled with a lag of one quarter and made publicly available on the website on the following dates: March 31, June 30, September 30 and December 30, additional information and analytical tables are released in 10 days after publishing primary statistical reports.