There has been a steady growth in all key sectors in the country, including industry, construction, services, banking, and other sectors. This was stated by Azizbek Beksultanov, Doctor of Economics and Professor, on a live broadcast by Birinci Radio.
According to economists and the National Statistical Committee, many economic sectors have been active in Kyrgyzstan in recent years, and their full-fledged implementation has begun.
It should be noted that this year, the consolidated budget of Kyrgyzstan is expected to exceed 1 trillion som. This was previously announced by the Chairman of the Cabinet of Ministers, Adylbek Kasymaliyev, at a hardware meeting in the Presidential Administration, emphasising that the country needs to maintain its current pace.
For comparison, in 2010, 2015, and 2020, the consolidated budget amounted to 96.5 billion, 196.1 billion, and 247.8 billion som, respectively. Thus, compared to 2020, the budget has almost quintupled in four years, which raises the question of how this has been achieved.
According to Beksultanov, the effective work of the tax and customs services, as well as the implementation of the planned measures, played an important role.
"In 2024, revenues from value-added tax amounted to 39 billion som, from income tax 26.5 billion som, from gold mining enterprises 16.1 billion som, and from a single tax 15 billion som. In addition, taxes are collected from the construction sector and other industries, which ensures an annual increase in budget revenues," he said.
The expert attributes these results to ongoing reforms and digitalisation in the tax and customs systems. Digital tools not only increase revenue but also help to bring the informal economy out of the shadows.
He emphasised that online tax payment systems have increased the responsibility of entrepreneurs and improved the collection of payments. As a result of digitalisation, tax and customs revenues have increased, budget expenditures have decreased, and the efficiency of using public resources has improved.
In a comment to the Kabar news agency, economist Erkin Abdrazakov added that digitalisation reduces corruption risks.
"When paying taxes and duties, the human factor is minimized everything is done electronically. Citizens no longer pay officials out of their own pockets all funds are sent directly to the budget. However, according to media reports, there are still cases of receiving unofficial payments in the healthcare and education sectors. Despite this, digitalisation has significantly reduced the influence of the human factor and increased the transparency of budget revenues," he said.
In addition, the budget growth was influenced by the fight against corruption and organised crime, the return of Kumtor to the state, improved investment conditions, and the launch of hundreds of factories and plants.
According to Beksultanov, construction is currently underway across the country, businesses are opening, and salaries and pensions are increasing, which confirms real achievements and makes the statistics convincing.
Economist Abdrazakov added that construction had previously received no such support from the budget.
"The growth of the consolidated budget was influenced by the return of Kumtor to the national economy, the development of small and medium-sized businesses, and the increase in remittances from migrants. Despite the global rise in prices and inflation, the country continues to actively finance construction projects. Previously, there were no such large-scale investments from the budget. Now, significant funds are being allocated to the budget and used for the benefit of the people," he explained.
Overall, these indicators confirm that Kyrgyzstan's economy is on a path of sustainable development, and effective public administration contributes to comprehensive growth.
Reported by Kabar (Kyrgyzstan).
