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Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.
In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…
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DOI: 10.1108/OXAN-DB251896
ISSN: 2633-304X
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The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
This will affect consumer borrowing as people become unable to afford new loans or repay old ones, and the housing market may experience a slump. Low-interest loan schemes to stop…