Kyrgyzstan sets 2027 state investment budget at 47.3 billion soms
Kyrgyzstan's Finance Ministry has set the state investment budget for 2027 at 47.3 billion soms, 6% more than in the current year. External financing is expected to total 45.1 billion soms, including 33.5 billion soms in loans and 11.5 billion soms in grants. The budget is projected to rise to 75.8 billion soms in 2028.
The largest allocation, 2.73 billion soms, is earmarked for an Asian Development Bank project to improve the Issyk-Kul ring road on the Barskoon-Karakol section. The reconstruction of the Suusamyr-Talas-Taraz road has 2.33 billion soms allocated, and the modernisation of the Uch-Kurgan Hydropower Plant 2.25 billion soms.
According to the ministry, over the past 10 years the approved state investment budget was reduced by an average of 21.6%, while execution averaged 70.2%. The ministry links this gap to overstated forecasts from executing agencies.
This story was automatically summarised and translated from AKIpress. All rights to the story belong to its source.