The Kyrgyz budget includes 13.7 billion KGS from the sale of precious metals and gemstones

Kyrgyzstan intends to boost its budget through the sale of precious metals and gemstones. The draft revised national budget for 2026 provides, for the first time, for revenue from their sale amounting to 13.7 billion KGS. At the same time, the government is reviewing the structure of its borrowing, phasing out some sources of funding and introducing others.

According to the draft amendments, the state expects to receive 13 billion 723.8 million KGS from the sale of precious metals and gemstones. However, the document does not specify exactly what is planned to be sold — gold, silver, gemstones or other valuables. Nor does it specify the anticipated sales volumes or the buyers.

Separately, the revenue side of the budget provides for 3.4 billion KGS in proceeds from the sale of assets belonging to the State Fund for Precious Metals and Stones.

Precious metals are thus becoming a significant source of budgetary resources, although the previously approved budget did not provide for any revenue from their sale.

The changes are not limited to the sale of state assets. The government is simultaneously revising its plans for attracting external financing.

22.1 billion KGS, previously allocated under the heading of ‘other external borrowings’, have been removed from the budget. Instead, the revised budget specifies the following sources of credit:

• 6.1 billion KGS from the Asian Development Bank;
• 4.8 billion KGS from the World Bank;
• 4.4 billion KGS from the Asian Infrastructure Investment Bank;
• and 2.6 billion KGS from OPEC.

In total, it is anticipated that around 17.9 billion KGS will be raised across these areas. A further 20 billion KGS is earmarked under the public debt relief budget line.

In effect, this involves a reallocation of sources of budget funding.