Kyrgyzstan projects state budget revenue growth to 1.15 trillion som by 2031

Kyrgyzstan's government has outlined ambitious plans to boost state budget revenues over the next decade, projecting a substantial increase by 2031. According to a report by the Ministry of Finance on fiscal and investment policy for 2027-2031, the nation aims to raise its revenue intake significantly.

By 2027, the state budget is expected to generate 791.1 billion som. The Cabinet of Ministers has set a more ambitious target for 2031, aiming to increase this figure to 1 trillion 148.6 billion som. This represents a considerable growth in nominal terms, reflecting the government's fiscal strategy.

However, the projections also indicate a shift in the composition of the economy relative to government finances. While nominal revenues are set to climb, their proportion of the Gross Domestic Product (GDP) is forecast to decline. In 2027, budget revenues are anticipated to constitute 28.9% of GDP. By 2031, this share is projected to decrease to 23.1%.

Concurrently, government expenditures are also slated for an increase. The report forecasts that state budget spending will rise from 758.7 billion som in 2027 to 1 trillion 49.4 billion som in 2031. This expansion in both revenue and expenditure suggests a strategic focus on government operations and potential investments within the specified period.