Kyrgyzstan to Boost State Companies with Budget Surplus
The Kyrgyz Republic is looking to use its budget surplus to address key issues in the social sector, as discussed at a recent parliamentary committee meeting. Deputy Zhyldyz Sadyrbaeva raised concerns about the state of state hospitals and the education system, advocating for increased funding in these areas.
During the meeting, Finance Minister Almaz Baketaev presented a draft law on the republican budget for 2025 and the planning period from 2026 to 2027. Deputy Sadyrbaeva highlighted the urgent need for improvements in healthcare facilities and education institutions, pointing out the lack of essential supplies and overcrowded classrooms.
In response, First Deputy Minister of Finance Ruslan Suinaliev explained that the budget surplus would be allocated to bolster the capital of various state-owned companies and financial institutions. This investment is aimed at ensuring long-term sustainability and growth in the country’s economy, as well as addressing external debt obligations.
The decision to prioritize the social sector reflects the government’s commitment to improving key public services and investing in the well-being of citizens. By channeling resources into healthcare, education, and social programs, Kyrgyzstan aims to enhance the quality of life for its people and strengthen the foundations for long-term development.
