Improving the public debt management model in the Republic of Kazakhstan

Abstract

The article deals with theoretical approaches to public debt management by several scientists.
The system of public debt management in General acts as one of the main branches of economic policy, which
significantly affects the stabilization and further sustainable development of the country’s economy. The analysis
of the dynamics and structure of the public debt of the Republic of Kazakhstan is carried out, the main issues
of effective public debt management are identified. Effective debt management is impossible without taking
into account the maximum amount of external debt. The world Bank suggests using a model that defines the
maximum required level of debt to determine the maximum required level of external debt of a particular
country. This model will allow developing the country’s medium-term strategy based on the maximum possible
amount of external resources and is the basis for analyzing the country’s macroeconomic situation. The article
also defines the main directions of optimizing the country’s public debt.