Kyrgyzstan's Budget Revenues Exceed Target By $260M In Nine Months
Chairman of the Cabinet of Ministers and Head of the Presidential Administration Adylbek Kasymaliev announced the figures at a government meeting on October 7, after which he issued a series of instructions to government agencies.
"Republican budget revenues amounted to 608.1 billion soms, exceeding the planned target by 22.7 billion soms. The revenue target was fulfilled by 103.9%," he said.
Kasymaliev also noted that Moody's had upgraded Kyrgyzstan's sovereign credit rating from B3 to B2, with a stable outlook. The upgrade reflects economic growth and diversification, rising GDP per capita, infrastructure investment and stronger public finances, including a decline in public debt relative to GDP, according to the Cabinet of Ministers.
The government said the higher rating could strengthen international investor confidence and expand opportunities to attract long-term financing.
According to Trend 's calculations, Kyrgyzstan's republican budget revenues could reach approximately 811 billion soms ($9.27 billion) in 2026 if the average monthly revenue level recorded in the first nine months is maintained through December.
This estimate is a simple annualized projection based on the nine-month average, rather than an official full-year forecast.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment