Osh City Tax Revenues Soar 43%, Boosting Local Budget and Social Spending
Translated from Russian, summarized and contextualized by DistantNews.
At a glance
- Tax revenues in Osh city increased by 43% in the first half of the year, contributing significantly to the local budget.
- Total tax revenues reached 1.683 billion soms, an increase of 505 million soms compared to the previous year.
- The mayor highlighted that this growth enables increased funding for social sectors like education and healthcare.
Osh city has experienced a remarkable 43% surge in tax revenues during the first six months of the year, significantly bolstering the local budget. Mayor Janarbek Akaev announced the figures while congratulating tax service employees on their professional holiday.
Tax revenues in the first six months of this year reached 1 billion 683 million soms, which is 505 million soms more than in the same period last year.
According to Akaev, tax collections for the period amounted to 1.683 billion soms. This represents a substantial increase of 505 million soms compared to the same period last year. The mayor emphasized that this revenue growth directly fuels the city's development, allowing for expanded financing of crucial social sectors, including education, healthcare, and infrastructure.
The growth of tax collections directly impacts the development of the city, allowing for increased funding for social sectors, education, healthcare, roads, and engineering infrastructure.
Akaev also noted that Osh's local budget has doubled over the past two years. With updated figures, the city's budget for 2026 is projected to reach 7.5 billion soms, even after accounting for official transfers. Furthermore, a portion of tax revenues is now being directly credited to the city's budget under a pilot project, strengthening Osh's financial autonomy.
Over the past two years, the local budget of Osh city has doubled, and with official transfers included, the city's adjusted budget for 2026 has reached 7.5 billion soms.
Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.