Kyrgyzstan Projects State Budget Revenue to Reach 1.15 Trillion Soms by 2031

Kyrgyzstan's government anticipates a significant increase in state budget revenues over the next decade, projecting them to reach approximately 1.15 trillion soms by 2031. This forecast is detailed in the Ministry of Finance's report on fiscal and investment policy for the period of 2027–2031.

According to the ministry's projections, budget revenues are expected to total 791.1 billion soms in 2027. While these revenues are set to grow substantially by 2031, their share of the Gross Domestic Product (GDP) is anticipated to decline. The report forecasts revenues to represent 28.9 percent of GDP in 2027, decreasing to 23.1 percent by 2031.

Concurrently, state budget expenditures are also projected to increase, rising from an estimated 758.7 billion soms in 2027 to 1,049.4 trillion soms in 2031. Despite this rise in spending, the Ministry of Finance aims to maintain a budget surplus over the medium term. The projected surplus for 2027 is 32.4 billion soms, expected to grow to 99.2 billion soms by 2031.

The allocated funds from these projected surpluses are earmarked for crucial areas such as economic development initiatives and the repayment of public debt. This fiscal strategy aims to ensure financial stability while supporting the country's growth objectives.