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Kazakhstan May Limit Borrowing by State Companies

Saturday 26 May 2012

(Bloomberg) – Kazakhstan is planning to impose borrowing limits on state-run companies after the government of President Nursultan Nazarbayev brought its debt to among the lowest levels worldwide, said Finance Minister Bolat Zhamishev.

Government debt is capped at 60% of gross domestic product and state-run companies should also have curbs on leverage and external borrowing, Zhamishev said in a May 19 interview in London.

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Kazakhstan central government debt
Up to 2010 (% of GDP)

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