As of December 31, 2024, the total public debt of the Kyrgyz Republic amounted to $6.6 billion (573.3 billion soms). Of this amount, 68.8% is external debt, which stands at $4.5 billion (394.5 billion soms), and 31.2% is domestic debt, amounting to $2.1 billion (178.8 billion soms). This is stated in the report of the Ministry of Finance on the execution of the 2024 budget, reports 24.kg.
"According to preliminary data, the ratio of external debt to gross domestic product (GDP) for 2024 was 25.9%. Overall, the total debt (external and internal) amounts to 37.6% of GDP," the Kyrgyz Ministry of Finance said in the report.
The ministry also noted that in 2024, spending on servicing external debt was lower than projected, which saved 357.1 million soms. This was due to a reduction in principal repayments by 285.9 million soms, as well as lower interest and other payments.
The main reason for deviations from the forecasted figures was exchange rate fluctuations and the difference between actual obligations and the projected amounts approved in the national budget.
As for domestic debt, the servicing was carried out at 99.9% of the revised forecast. Overall, the servicing of total public debt (external and domestic) was executed at 99.4% of the approved plans.
These figures were published in the report of the Ministry of Finance of the Kyrgyz Republic on the execution of the 2024 state budget.
CentralasianLIGHT.org
April 25, 2025