In this paper, we provide an in-depth overview of key macroprudential policy framework instruments and borrower-based analytical tools in Kazakhstan. We estimate the debt service-to-income ratio (DSTI) for household sector in Kazakhstan for the period between 2013Q2 and 2022Q1. We use the actual remaining maturity and the interest rate for each loan available from the micro-level database (credit registry), and also assume gradual repayment of debt over the time of its remaining maturity. In addition, we specify four types of aggregate income in Kazakhstan. We conjecture, that measuring DSTI with household disposable income approach is likely to provide an upper bound estimate, while calculating debt service-to-income ratio adjusting for the average monthly nominal salary per one employee will likely provide a lower bound assessment.

在本文中，我们深入概述了哈萨克斯坦的主要宏观审慎政策框架工具和基于借款人的分析工具。我们估算了哈萨克斯坦家庭部门 2013 年第二季度至 2022 年第一季度期间的偿债收入比 (DSTI)。我们使用可从微观数据库（信用登记处）获得的每笔贷款的实际剩余期限和利率，并假设在剩余期限内逐步偿还债务。此外，我们指定了哈萨克斯坦的四种总收入。我们推测，用家庭可支配收入方法衡量 DSTI 可能会提供上限估计，而根据每位员工的平均每月名义工资计算偿债收入比可能会提供下限评估。