Kyrgyz Ministry of Finance presents project on state budget for 2019

Bishkek, Aug. 28, 2018. /Kabar/. The Kyrgyz Ministry of Finance presented a project on state budget for 2019 and forecast for the next two years.

The basis for developing the economic indicators forecast for the mentioned period were development analysis for 2016-2018 and plans, described in the Kyrgyz Government's Program “Unity. Trust. Creation.” (Russian: Единство. Доверие. Созидание) for the period of 2018-2022.

Thus, according to the Ministry of Finance, in 2019 the real GDP growth rate will be 4%, a year after - 4,4%, and in 2021 – 4,2%. Such indicators will be reached as a result of higher economic rates in the sector of services (2019 – 3,6%, 2020 – 3,8%, 2021 – 3,9%), construction (2019 – 11,6%, 2020 – 8,7%, 2021 – 9,1%), agriculture (2019 - 2,7%, 2020 – 3%, 2021 - 3,3%), industry (2019 – 2,3%, 2020 – 5%, 2021 – 3,2%).

In addition, according to the project, the main parameters of the state budget for 2019-2021 are as follows:

Government revenues: — total revenues and grants with public foreign investments – 167,4 billion soms (2019), 175,0 billion soms, (2020), 181,2 billion soms (2021).

Government revenues (total revenues and grants): 148,8 billion soms (2019), 154,9 billion soms, (2020г.), 159,8 billion soms (2021). Total expenditure: 158,4 billion soms (2019), 162,9 billion soms (2020), 162,3 billion soms (2021). Budget deficit: 9,7 billion soms (2019), 8 billion 6,4 million soms (2020), 2,5 billion soms (2021).

More detailed information is available at: Проект республиканского бюджета на 2019 год и прогноз на 2020-2021 годы (State Budget Project for 2019 and Forecast for 2020-2021)