Kyrgyzstan pays government debts to creditors on time

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During January-April 2024, Kyrgyzstan directed 18,532.3 million soms from the republican budget towards servicing its state debt, both external and internal, which is equivalent to $207.8 million, Archabar reports.

The majority of the funds went towards servicing the external debt, specifically 12,953.4 million soms ($145.2 million). Out of this amount, 10,038.4 million soms ($112.5 million) were allocated for the repayment of the principal debt, while an additional 2,894.1 million soms went towards interest payments.

Regarding internal obligations, payments amounted to 5,578.9 million soms. Here, payments for the principal debt and interest were nearly equal, with 2,711.1 million soms allocated for the principal and 2,867.8 million soms for interest.

It's worth noting that compared to the same period in 2023, expenditures on servicing the state debt increased by 1.3 times, from 13.9 billion soms. This growth is driven by an increase in payments for both external (+26.5%) and internal (+53.6%) obligations. Particularly, concerning the external debt, the increase is attributed to the payment of the principal sum, which saw an increase of 2.4 billion soms.

As of January 1, 2024, the total amount of Kyrgyzstan's state debt is $6.27 billion, of which $4.63 billion is external debt and $1.64 billion is internal debt. The largest share of the external debt belongs to the Chinese Eximbank, amounting to $1.7 billion.

May 14, 2024