Kyrgyzstan’s real GDP growth to be almost 3% in 2017

Business Materials 24 October 2016 14:46 (UTC +04:00)

Baku, Azerbaijan, Oct.24

By Leman Zeynalova – Trend:

The forecasts say that the real GDP growth of Kyrgyzstan will be 2.9 percent in 2017, Kabar news agency quoted the country’s Prime Minister Sooronbay Jeenbekov as saying Oct.24.

He made the remarks during the meeting of the parliamentary committee on budget and finance.

The prime minister noted that the risks which can affect the GDP growth in 2017 are: instability of the global economy, dependence of the economy on world prices for gold and energy resources, risks for increase of inflation due to the growth of food prices and others.

At the same time, Kyrgyz government will work on maintaining the macroeconomic stability and ensuring the sustainability of the economic growth, said the report.

Kyrgyzstan’s budget revenues will be 126.8 billion soms, the expenditures will stand at 150.1 billion soms, while the deficit will be 23.3 billion soms, according to the country’s draft 2017 budget.

“The funds envisaged in the Public Investment Program will be spent on implementation of concrete projects which will pave way for intensification of economic activity,” said Jeenbekov. “The draft budget fully envisages the source of financing the budget deficit and the budget is balanced.”