BAKU, Azerbaijan, June 5. Government
expenditure in Kyrgyzstan is expected to remain broadly stable at
around one-quarter of GDP over the medium term, Trend reports citing the
International Monetary Fund (IMF).
According to the IMF, general government expenditure is
projected at 27.5% of GDP in 2026, compared with 26.3% in 2025.
The Fund expects spending to decline to 25.6% of GDP in 2027 and
25.3% in 2028. Public expenditure is then forecast to remain
largely unchanged at 25.3% in 2029, edge up slightly to 25.4% in
2030, and return to 25.3% in 2031.
The projections follow expenditure levels of 26.1% of GDP in
2023 and 25.7% in 2024, indicating relatively limited variation in
public spending over the forecast horizon.
The IMF notes that the increase expected in 2026 reflects a
temporary rise in government spending before expenditure ratios
stabilize in subsequent years.
The Fund previously stated that the budget is projected to shift
into deficit in 2026, mainly due to higher public wages and capital
spending, following fiscal surpluses recorded during 2023–2025.
The IMF also expects Kyrgyzstan’s economy to continue expanding
over the medium term, supported by major infrastructure projects.
Real GDP growth is projected at 6.1% in 2026, 5.8% in 2027, 6.1% in
2028, 5.4% in 2029, 5.3% in 2030, and 5.2% in 2031.
In its assessment, the IMF Executive Board emphasized the
importance of strengthening public financial management, investment
planning, and debt management to enhance fiscal sustainability and
improve the efficiency of public spending.
