Kyrgyzstan is set to cross a major fiscal milestone in 2025, with the consolidated budget projected to surpass KGS 1.1 trillion ($12.6bn)— the first time the country has exceeded the trillion-som threshold. The announcement was made during a regular meeting of the Cabinet of Ministers chaired by Adylbek Kasymaliev, Chairman of the Cabinet of Ministers and Head of the Administration of the President.
During the session, officials reviewed proposed adjustments to the republican budget for 2025 and the planning period of 2026–2027. Prime Minister Kasymaliev highlighted the country’s strong fiscal performance, noting that the approved consolidated budget of KGS 708.8bn ($8.1bn) had grown by KGS 381.7bn ($4.4bn) by year-end — a 153.8% increase — resulting in a surplus of more than KGS 10bn ($114.4mn).
Kasymaliev also reported robust macroeconomic indicators. Over the first 10 months of the year, Kyrgyzstan recorded GDP growth of 10%. According to the International Monetary Fund, the country ranked among the top three globally for real GDP growth in 2024, up from a previous position among the top five with 9% growth.
The GDP projected in the budget law was KGS 1.624 trillion ($18.6bn). By the end of the first ten months, actual GDP reached KGS 1.427 trillion ($16.3bn). Forecasts suggest that by year-end, GDP will climb to KGS 1.779 trillion ($20.3bn) — KGS 155.6bn ($1.8bn) above the approved target. Growth was observed across all sectors, with construction showing particularly strong momentum, posting an average annual increase of 42.8%.
GDP per capita is expected to reach $2,770 by the end of 2025, up from the budgeted $2,616. Kasymaliev also noted a sharp rise in international reserves, which reached nearly $8bn by the end of October 2025, an increase of more than $3bn compared to October 2024, according to the National Bank.
Commenting on the broader global context, the Prime Minister acknowledged signs of a worldwide economic slowdown as of December 1, 2025. However, he emphasized that despite global challenges including political instability and trade tensions, Kyrgyzstan continues to demonstrate positive economic performance and maintains political stability at home.
Following discussions, the Cabinet of Ministers approved amendments to the republican budget for 2025.
