Kyrgyzstan's GDP Increased by 8.8% in Two Months - Kasymaliev

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Adylbek Kasymaliev, the Chairman of the Cabinet of Ministers of the Kyrgyz Republic and head of the presidential administration, held a regular staff meeting. The main topics of discussion included the results of the country's socio-economic development for January and February 2025, budget execution, as well as plans for new reforms over the next 100 days and preparations for spring fieldwork.

According to preliminary data, Kyrgyzstan's GDP for the first two months of the current year amounted to 264.1 billion soms, which is 8.8% higher compared to the same period in 2024. Notable growth was observed in construction (23.2%), services (6.7%), and agriculture (2.6%). The industrial sector increased by 15.5%, particularly in the chemical, pharmaceutical, and food industries, as well as in the production of building materials and transportation.

“Investment in fixed assets reached 17.8 billion soms, made possible by an 11.5% increase in domestic funding sources,” noted Kasymaliev.
Reports on budget execution from the tax and customs services, as well as from the Ministry of Finance, were also presented at the meeting. The importance of full and timely fulfillment of budget obligations was discussed.

Additionally, emphasis was placed on new reforms within the "Government Accelerators" program.

One of the reforms is to simplify access to financial services in the securities sector. The implementation of remote digital identification of clients and the ability for foreign investors to open brokerage accounts remotely will reduce the identification time to 15 minutes, which will enhance the country's investment attractiveness.

The second reform concerns the digitization of sanitary books. An electronic format of this document is planned to be created with integration into the "Sanairip Klinik" system and the "Tunduk" mobile application. The processing time will be reduced from 8 to 4 days, and the number of visits to medical institutions will decrease from 5 to 2, which will save up to 6-12 million soms annually.

“The digital transformation of the financial market and the modernization of the sanitary book system is an important step not only for the convenience of citizens but also for increasing investment attractiveness and strengthening the economic stability of the country,” emphasized the Chairman of the Cabinet of Ministers.
Relevant agencies were instructed to implement the proposed reforms within 100 days.

The meeting also discussed preparatory measures for spring fieldwork, focusing on the readiness of regions and farmers, as well as ensuring the necessary resources for a successful sowing campaign.
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