Published
05/30/2026, 13:02Kyrgyzstan’s national debt increased by 46.3% over the past year, reaching $9.8 billion as of April 1. A year earlier, this figure stood at $6.7 billion. These figures were reported by the Eurasian Economic Commission.
In absolute terms, the country’s debt obligations rose by $3.1 billion. In terms of the rate of growth in public debt, Kyrgyzstan significantly outpaces other countries in the Eurasian Economic Union.
The main factor driving this growth was a sharp increase in domestic debt. Over the year, its volume more than doubled—from $2.2 billion to $4.6 billion. As a result, the share of domestic debt in the structure of the state’s liabilities increased from 33% to 47%.
At the same time, external debt continued to grow. Over the year, it increased by 15.6%—from $4.5 billion to $5.2 billion. However, against the backdrop of active domestic borrowing, its share in the overall structure of public debt decreased.
In national currency, Kyrgyzstan’s total public debt reached 856.9 billion KGS, compared to 580.3 billion KGS a year earlier.
For comparison, Kazakhstan’s public debt as of April 1, 2026, stood at $76.5 billion, Russia’s at $448.1 billion, and Armenia’s at $14.1 billion. However, it was Kyrgyzstan that showed the highest growth rates in debt obligations among the EAEU countries.
The growth in domestic debt is largely due to the active placement of government securities on the domestic market.
