The forecasts say that the real GDP growth in Kyrgyzstan will be 2.9% in 2017, country’s Prime Minister Sooronbay Jeenbekov has said.
The Prime Minister noted that the risks which could affect the GDP growth in 2017 were instability of the global economy, dependence of the economy on world prices for gold and energy resources, risks of 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.
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 specific projects which will pave way for intensification of economic activity”, Jeenbekov said. “The draft budget fully envisages the source of financing the budget deficit and the budget is balanced”. (Trend/Business World Magazine)