Kyrgyzstan 2027 budget: revenue, spending and public debt

Kyrgyzstan's Ministry of Finance has submitted to the Jogorku Kenesh (parliament) a draft law on the republican budget for 2027, with a planning period covering 2028–2029. The budget forecasts revenues of 728 billion 295.6 million soms, or 26.6% of GDP, which is nearly a third higher than in 2026. Spending is planned at 695 billion 809.5 million soms, or 25.4% of GDP, 144 billion 38.7 million soms more than the 2026 approved budget.

Tax revenues are expected to make up 79.2% to 79.4% of total income, reaching 575 billion 665.5 million soms in 2027. The ministry expects the budget to run a surplus of 32 billion 486.1 million soms, or 0.02% of GDP. Economic growth is forecast to stay below 10% in 2026–2027, rise to 10.4% in 2028 and slow to 7.4% in 2029, with average inflation of 7.8% a year over 2026–2029.

Public debt stood at $10 billion 156.71 million as of 31 July 2026, of which 51.1% was external. Debt service for 2027–2029 is set at 429 billion 498.8 million soms, with 37.2% going to external debt, as the country reaches the peak of external repayments. The ministry says debt will remain at a sustainable level if forecasts and budget parameters hold, while acknowledging vulnerability to external and internal shocks.