In January, the Cabinet of Ministers earned nearly 31 million KGS on bank deposits

In January, the Cabinet of Ministers received 30.9 million KGS in deposits placed in commercial banks in the country.

In fact, the state acted as a major depositor. While part of the budget funds are temporarily not in use, they are placed in banks — and they generate income. In the first month of the year, this provided almost 31 million KGS in non-tax revenue.

In total, the budget received 201.8 million KGS under the item “interest.” The main share — 170.9 million KGS — was formed by proceeds from budget loans and credits issued. However, government deposits also made a significant contribution.

Total revenues under the item “property income and interest” amounted to 638.2 million KGS in January. In addition to interest income, this amount included 950,000 KGS in dividends on the state-owned share package, as well as 234.3 million KGS in rent payments and fees for the development and use of natural resources.