Kyrgyzstan Allocates 36.6 Billion Soms to Price Stabilization
Translated from Russian, summarized and contextualized by DistantNews.
At a glance
- Kyrgyzstan plans to allocate 36.6 billion soms to a program aimed at stabilizing prices for goods and services through 2027.
- The initiative includes measures to boost domestic production, increase livestock, and support the agricultural sector through preferential loans and subsidies.
- Key actions involve building modern warehouses, securing the domestic wheat supply, and reducing intermediaries to ensure product affordability.
Kyrgyzstan is set to implement a comprehensive plan to stabilize prices for goods and services, backed by an allocation of 36.6 billion soms for the period of 2026โ2027. The initiative, reviewed by the cabinet, aims to curb inflation and ensure the availability of essential items.
The strategy focuses on several key areas. To bolster the agricultural sector, the government intends to increase the productive livestock population by at least 20,000 head and enhance price controls on meat to prevent unjustified cost increases. The agro-industrial complex will benefit from preferential lending, support for the oilseed sector, and subsidies for dairy and poultry farming.
Infrastructure development is also a priority, with plans to construct modern warehouses across seven regions, collectively capable of storing 18,000 tons of goods. On the grain market, the plan ensures the country's wheat needs will be fully met, with an additional 20,000 tons to be purchased from domestic farmers for state reserves and market interventions. Farmers will also receive 68,000 tons of seeds and necessary mineral fertilizers.
Furthermore, the government aims to streamline the supply chain by reducing the number of intermediaries between producers and consumers. This will be achieved through the development of direct supply channels for agricultural products and the expansion of retail outlets that bypass middlemen. The cabinet projects these measures will help maintain inflation within the targeted 7 percent, as agreed with the National Bank.
First Deputy Head of the Cabinet Daniyar Amangeldyev emphasized that the plan's execution is under strict supervision, with state officials held personally accountable for achieving the set objectives. The successful implementation of these measures is expected to contribute significantly to price stability and economic predictability in Kyrgyzstan.
Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.