Published
12/24/2025, 15:30The results of the 2025 budget execution show a significant increase in non-tax revenues of the state, which are expected to amount to 192 billion KGS. This is one of the key factors in the increase in total budget revenues to 1.1 trillion KGS, which is 403.2 billion KGS more than a year earlier.
Significant contributions to non-tax revenues were made by transfers from the National Bank, dividends on state-owned shares, and revenues from law enforcement agencies and other state structures.
In addition, revenues from assets and liabilities are estimated at 317.4 billion KGS. The growth was ensured by the placement of government securities and the issuance of Eurobonds, which expanded the financial capabilities of the budget.
Overall, taxes and customs payments remain the main sources of revenue, amounting to 452.7 billion KGS, but it was non-tax revenues and asset transactions that played an important role in strengthening financial stability. Against the backdrop of GDP growth to 1.6 trillion KGS in January–November (+10% and above), wage increases, and favorable external conditions, the budget gained additional resilience.
The Ministry of Finance notes that in 2025, for the first time in many years, the share of domestic taxes exceeded that of imports, reaching 52%. This indicates a strengthening of the domestic economy.
