Tax revenues continue to grow in Central Asian countries, but the dynamics vary significantly: some economies are accelerating, while others are entering a stabilization phase.
According to Schneider Group, growth in Kyrgyzstan has virtually stalled after a sharp increase in 2023, Akchabar.kg reports.
While tax revenues totaled $1.8 billion in 2022, they nearly doubled in 2023, reaching $3.4 billion. In 2024, they reached $3.6 billion, but declined slightly to $3.5 billion in 2025, indicating a plateau.
The lower tax revenues in Kyrgyzstan compared to its neighbors are largely explained by a more lenient tax burden and the structure of the economy.
Uzbekistan is showing the highest growth rates. Over three years, revenues have almost quadrupled, from $5.2 billion in 2022 to $20.2 billion in 2025. This is one of the fastest rates of tax base expansion in the region.
Kazakhstan maintains its leadership in absolute tax revenues. In 2022, revenues amounted to $20.6 billion, and in 2023, $26.6 billion. Despite a slight decline to $25.3 billion in 2024, the figure reached $29.9 billion in 2025, reaching a new all-time high.
Thus, the region as a whole is demonstrating growth in tax revenues, although the structure and drivers differ: Kyrgyzstan is experiencing stabilization after reforms, Uzbekistan is actively expanding its tax base, and Kazakhstan is experiencing steady growth amid a large-scale economy.
CentralasianLIGHT.org
April 2, 2026