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    Published

    03/10/2025, 15:23

    Kyrgyzstan maintains budget surplus amid deteriorating performance in the EAEU

    According to the results of 2024, Kyrgyzstan became the only state of the Eurasian Economic Union that ended the year with a surplus of the republican budget. Compared to 2023, this indicator increased 2.5 times, amounting to 33.5 billion KGS (or $400 million).

    At the same time, other countries of the Union saw deterioration of budget indicators. In Armenia, the budget deficit doubled, reaching $1 bln. In Kazakhstan, this indicator in national currency grew by 16.9% to the equivalent of $7.8 bln, in Russia - the surplus in rubles increased by 7.5%, and in dollars, on the contrary, decreased by 1.57% and amounted to $37.6 bln.

    The highest revenue growth was recorded in Russia (+26%) and Kyrgyzstan (+16.5%). In the latter, this allowed to strengthen the surplus, while in Russia the growth of revenues was slightly higher than the growth of expenditures (+24.2%), which did not improve the budget balance.

    Kazakhstan and Armenia faced a situation when the growth of public expenditures outpaced revenues. In Kazakhstan, expenditures increased by 17.2%, which led to an increase in the deficit, while in Armenia this gap contributed to its doubling.


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