Kyrgyzstan’s expenditure budget could hit 65bln soms in 2010

Business Materials 19 June 2009 12:20 (UTC +04:00)

Expenditure budget of Kyrgyzstan could hit 65 billion soms in 2010, Arzybek Kojoshev, Deputy Minister of Finance said, presenting draft budget resolution for 2010 and estimates for 2011-2012 on Friday, June 19, news agency "24.kg" reported.

Meanwhile, the Kyrgyz GDP rate should increase, from 245 billion soms in 2010, almost by 30 billion soms in 2012, Kojoev said. Moreover, the plan makes provision for exemption of agriculture products' manufacturers and processers from some kinds of taxes. Tax revenues will expectedly come to 42 billion soms in 2010 and 51 billion - in 2011.

Deputies Maksat Kunakunov and Orzubek Nazarov suggested inserting in the project a point on allocation of additional finances for the state youth policy implementation.