In May the state debt of Kyrgyzstan reached $696 per capita. Over the month, the debt burden has grown by $1.51.
According to the Ministry of Finance, as of May 31, the total amount of state debt (external + internal) of Kyrgyzstan was $4,453.86 billion (311,102.22 billion soms), including $3,783 billion (264,242.34 billion soms) of external, and $670.86 million (46,589.88 billion soms) of internal debt.
During the month, the country’s state debt increased by $9.12 million. At the same time, the external debt reduced by $2.96 million, while the internal debt, on the contrary, grew by $32.08 million. Kyrgyzstan still owes the most to the Export-Import Bank of China – $1,701.46 billion (45% of the country’s total foreign debt), down by $2.43 million.
As of May the state debt amounted to 51.4% of GDP.
At least 6.4 million people lived in the republic as of May 1. An average salary in the Kyrgyz Republic is 15,875 soms. To repay the state debt, each Kyrgyzstani should give 3.06 salaries. (24.kg/Business World Magazine)