Kyrgyzstan allocated 48.5 billion KGS to its national debt — more than a third of this went on interest payments

Between January and July, Kyrgyzstan allocated 48.5 billion KGS from the national budget to service its public debt. On average, these payments cost the treasury almost 7 billion KGS per month, according to data from the Ministry of Finance.

Debt servicing involves more than just repaying money previously borrowed. Of the total amount, 30.9 billion KGS went towards repaying the principal, whilst a further 17.5 billion KGS was spent on interest payments. Other expenses amounted to 76.6 million KGS.

Consequently, interest payments accounted for more than a third of all payments to creditors.

Some 26.8 billion KGS, or 55 per cent of the total, was allocated to servicing external debt. Of this, 21.3 billion KGS went towards repaying the principal, 5.4 billion KGS towards interest, and a further 76.6 million KGS towards other payments.

Domestic debt cost the budget 21.7 billion KGS. The state paid more in interest than it repaid in principal: 12.1 billion KGS compared with 9.5 billion KGS. The difference amounted to almost 2.6 billion KGS.

As previously reported by ‘Akchabar’, as at 30 June 2026, Kyrgyzstan’s total public debt stood at 883.1 billion KGS, or $10.1 billion. Moreover, external and domestic debt have now almost reached parity. Kyrgyzstan owes $5.22 billion, or 51.6 per cent of its total public debt, to foreign creditors. A further $4.88 billion, or 48.4 per cent, was borrowed by the state domestically.