Kyrgyzstan is forecast to see annual GDP growth of 8.7 per cent between 2027 and 2029

A committee of the Jogorku Kenesh has considered and approved at first reading a draft law on Kyrgyzstan’s national budget for 2027 and the planning period 2028–2029. According to the Ministry of Finance’s forecast, the country’s real GDP will grow by 8.7 per cent annually during this period.

As Finance Minister Ruslan Suynaliev reported at the committee meeting on 12 October, nominal GDP is forecast to increase from 2.7 trillion KGS in 2027 to 3.7 trillion KGS in 2029.
Consolidated budget revenue is planned to increase from 1 trillion 54 billion KGS in 2027 to 1 trillion 181 billion KGS in 2029. Tax revenue, according to the forecast, will rise from 634 billion to 779.9 billion KGS respectively.

During the discussion, MPs raised issues concerning funding for agriculture, the environment, irrigation, road construction and social infrastructure.

According to the Minister of Finance, the ministry responsible for agriculture is allocated 22 billion KGS for 2027, whilst the ministry responsible for the environment is allocated 3.6 billion KGS.

MP Altynkul Murzakimova drew attention to a shortfall of 10 million KGS for the construction of a nursery school in the aiyl local council of Atai, Toguz-Torou District. Alisher Kozuev enquired about funding for agriculture and the environment, and also highlighted infrastructure issues.

Other MPs raised issues concerning the construction of the Bishkek–Tokmok motorway, irrigation and the provision of clean drinking water to the population. Inflation, changes to land use designations, veterinary pharmacies and support for the fisheries sector were also discussed.

The committee chair, Kubanychbek Samakov, requested information on the utilisation of funds allocated for capital expenditure in 2026 in Naryn and the region’s districts.
According to the Ministry of Finance, the following amounts are earmarked for the current year:

• the city of Naryn – 436.1 million KGS;
• At-Bashin District – 324.739 million KGS;
• Ak-Talyn District – 652.849 million KGS;
• Naryn District – 720.925 million KGS.

According to the minister, over 90 per cent of these funds have already been utilised. The committee chair also emphasised the need to complete ongoing construction projects.

Following the discussion and taking into account the proposals put forward by MPs, the draft law on the national budget for 2027 and the planning period 2028–2029 was approved at first reading.