Kyrgyzstan 2012 budget will have a two billion som surplus
A reserve of two billion som will be held in the state budget-2012, Kyrgyzstan's First Vice Prime Minister Omurbek Babanov told a press conference at the House of Government on Wednesday, KyrTAG reported.
"As a result of good performance of the state budget-2011, there will be a surplus of about two billion som, which will become the reserve for budget-2012 expenditures," Mr Babanov noted.
"We thought there was risk that we would not receive money from the EAEC Anti-Crisis Fund if we failed to sell nationalised areas so we accumulated certain sums at the central treasury," Mr Babanov said.
He added that the Government has fully performed state budge-2011.
"Extra revenues from the tax and customs authorities were 1.2 billion som; incomes from the sale of state promissory notes were 1.5 billion som and the repaid budgetary loans were 500 million som," Mr Babanov explained.
The Government of Kyrgyzstan will observe all public and other commitments under state budget-2011. Following the results of the first 10 months of the year, Kyrgyz budget revenues were 68.165 billion som.
The official exchange rate on November 30 is 1 USD = 46.8164 KGS