Starting with overview of existing approaches to meaning and use of the terms the paper focuses on analysis of two indicators vital in any economydebt and investments. It discusses the differences of sovereign and country debts as well as internal and external debts. Public debt is important indicator for government performance evaluation but outcome and impact of total external debt should be on focus too for sustainable growth of any country. The article discusses the results of analysis conducted with regard to the gross public debt, gross external debt by sectors. Further analysis is focused on Foreign Direct Investment and External Debt stocks of the selected countries which are from developing and emerging economies. Empirical analysis of external debt and foreign direct investments of Kazakhstan is carried out as of the country which leads the list of Foreign Direct Investment related component of the external debt. We discuss the important factors to be further investigated with regard to debt management and investment policy of a country.

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Б а с р е д а к т о р ы х.ғ.д., проф., ҚР ҰҒА академигі М.Ж. Жұрынов Р е д а к ц и я а л қ а с ы: Адекенов С.М. проф., академик (Қазақстан) (бас ред. орынбасары) Величкин В.И. проф., корр.-мүшесі (Ресей) Вольдемар Вуйцик проф. (Польша) Гончарук В.В. проф., академик (Украина) Гордиенко А.И. проф., академик (Белорус) Дука Г. проф., академик (Молдова) Илолов М.И. проф., академик (Тəжікстан), Леска Богуслава проф. (Польша), Локшин В.Н. проф. чл.-корр. (Қазақстан) Нараев В.Н. проф. (Ресей) Неклюдов И.М. проф., академик (Украина) Нур Изура Удзир проф. (Малайзия) Перни Стефано проф. (Ұлыбритания) Потапов В.А. проф. (Украина) Прокопович Полина проф. (Ұлыбритания) Омбаев А.М. проф., корр.-мүшесі (Қазақстан) Өтелбаев М.О. проф., академик (Қазақстан) Садыбеков М.А. проф., корр.-мүшесі (Қазақстан) Сатаев М.И. проф., корр.-мүшесі (Қазақстан) Северский И.В. проф., академик (Қазақстан) Сикорски Марек проф., (Польша) Рамазанов Т.С. проф., академик (Қазақстан) Такибаев Н.Ж. проф., академик (Қазақстан), бас ред. орынбасары Харин С.Н. проф., академик (Қазақстан) Чечин Л.М. проф., корр.-мүшесі (Қазақстан) Харун Парлар проф. (Германия) Энджун Гао проф. (Қытай) Эркебаев А.Э. проф., академик (Қырғыстан) «Қазақстан Республикасы Ұлттық ғылым академиясының баяндамалары»

At the current stage of the global development of inter-economic relations in the economy, Kazakhstan urgently needs to improve the mechanisms of influence of states on socio-economic issues. The introduction of state audit that meets international standards and includes an audit of financial statements, compliance and efficiency is also included in the Concept of a new budgetary policy of the Republic of Kazakhstan. The current model of government audit in Kazakhstan began in 2015 with the adoption of the Law of the Republic of Kazakhstan "About State Audit and Financial Control". In the studies carried out, many problematic issues of government audit are considered in depth: ways of introducing modern forms and types of audit and control, such as strategic audit, audit of the effectiveness of the use of budget funds, assessment of strategic plans of government agencies and the activities of the quasipublic sector and their impact on economic development. In general, state audit is seen as a holistic and independent assessment of the effectiveness of audit objects, covering not only financial issues, but also all areas of their activities with the presentation of effective recommendations based on identified deficiencies and proposals for risk management. This article discusses the theoretical foundations, models and types of governmental audit in the Republic of Kazakhstan, as well as the possibility of applying international experience in the development of the Kazakhstani model of governmental audit.

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