Kyrgyzstan's public debt grew the most in the region, up 13.7% over the year

As of October 1, the external public debt of the EAEU countries shows growth, but the most noticeable increase was recorded in Kyrgyzstan. This is evidenced by updated calculations of public debt in US dollars. Such data is provided by the Eurasian Economic Commission.

According to the data, over the year, external debt increased:

• Kyrgyzstan — by 13.7%;
• Armenia — by 9.7%;
• Kazakhstan — by 5.6%;
• Russia — by 4.8%.

Thus, Kyrgyzstan showed the highest growth rate of external debt among the four countries of the Union.

As of October 1, Kyrgyzstan's external public debt amounted to $5.2 billion. This is $600 million ($4.6 billion) higher than a year earlier. Total debt reached $8.7 billion, of which $3.5 billion was domestic debt.

For comparison:

• Armenia — external debt of $6.9 billion;
• Kazakhstan's was $15.9 billion;
• Russia's was $55.9 billion.

The growth in debt above the regional average is associated with the debut placement of Eurobonds worth $700 million in May this year.