In April, the government will raise 3.6 billion KGS on the domestic market. What is this for?

The Ministry of Finance of the Kyrgyz Republic has announced a provisional schedule for the placement of government treasury bonds (GTBs) for April 2026. The information has been published on the website of the National Bank of the Kyrgyz Republic.

The total volume of borrowing on the domestic market will amount to 3.6 billion KGS.

According to the plan, four auctions are scheduled over the course of the month. Two issues will be three-year bonds with a coupon rate of 5% — 450 million KGS each. The other two will be seven-year bonds with a yield of 7%, each worth 1.35 billion KGS.

Government treasury bonds are one of the key instruments for raising funds for the budget on the domestic market. Through them, the Ministry of Finance of the Kyrgyz Republic finances the budget deficit and manages public debt without resorting to external borrowing.

The growth in domestic borrowing means that the state is increasingly borrowing money from its own banks and investors rather than from abroad. This helps to reduce dependence on external creditors.

It should be noted that Kyrgyzstan’s domestic debt has risen by almost 3 billion KGS over the past ten days.