Kyrgyzstan Targets Significant GDP Growth By 2030, Says President Zhaparov
Date
8/30/2024 5:19:43 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, August 30 . Kyrgyzstan aims
to achieve a GDP of $30 billion by 2030, President Sadyr Zhaparov
announced during the opening of the Terik-Tash clinker plant to
mark the centenary of the Kara-Kyrgyz Autonomous Region, Trend reports.
"Economic growth in Kyrgyzstan shows steady progress-over the
past three years, the average GDP growth rate has not fallen below
7 percent. The Economy grew at a rate of 8.7 percent from January
through July 2024, reaching 677 billion soms ($7.9 billion),"
Zhaparov said.
He noted that the country's budget has experienced significant
growth, doubling over the past three years. In 2020, the
consolidated budget was 247.7 billion soms ($2.9 billion), while by
2023, budgetary resources had increased to 577.2 billion soms ($6.7
billion).
"I am confident that by the end of 2024, the budget will exceed
the 650 billion soms mark ($7.6 billion)," the president added.
Overall, Kyrgyzstan plans to commission 100 new industrial and
social projects to mark the centenary celebration.
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