LAW OF THE KYRGYZ REPUBLIC

of January 12, 2024 No. 9

About the republican budget of the Kyrgyz Republic for 2024 and planning period of 2025-2026

Accepted by Jogorku Kenesh of the Kyrgyz Republic on December 14, 2023

Article 1.

Approve the forecast of the budget of the sector of public administration (consolidated budget) of the Kyrgyz Republic for 2024-2026 according to appendix 1.

Article 2.

1. Approve the republican budget of the Kyrgyz Republic for 2024 according to the income in the amount 410588329, by 6 thousand som and to expenses in the amount 404149409, 4 thousand som according to appendix 2.

2. Establish surplus of the republican budget of the Kyrgyz Republic for 2024 in the amount 6438920, of 2 thousand som and direct it to financing of expenses for implementation of transactions with financial assets and for covering of the main part of external obligations (the main amount of the public external debt) according to appendix 2.

3. Approve planned parameters of the republican budget of the Kyrgyz Republic for 2025-2026:

1) the plan for the income for 2025 - in the amount 423556084, 1 thousand som, for 2026 - in the amount 470969189, 2 thousand som;

2) the expense plan for 2025 - in the amount 398647073, 5 thousand som, for 2026 - in the amount 441450370, 2 thousand som;

3) the plan of surplus of the republican budget of the Kyrgyz Republic for 2025 - in the amount 24909010, 6 thousand som;

4) the plan of surplus of the republican budget of the Kyrgyz Republic for 2026 - in the amount 29518819, 0 thousand som.

4. The Cabinet of Ministers of the Kyrgyz Republic has the right to make refining of the planned parameters of the republican budget of the Kyrgyz Republic approved for 2025-2026 in case of their acceptance for each specific period.

Article 3.

Create revenues of the republican budget of the Kyrgyz Republic for 2024-2026 for acquisition account of sources according to appendices 3 and 4.

Article 4.

Establish funds for financing of expenses from the republican budget of the Kyrgyz Republic for 2024-2026 according to appendices 5, 6 and 7.

Article 5.

1. Establish expenses on the state investments for 2024-2026 according to appendix 8.

2. Approve amount of the funds allocated for financing of capital investments in 2024 in the amount 19319498, by 4 thousand som and taking into account priority to direct them to completion/continuation of designing, construction, capital repairs and reconstruction of social and economic objects, systems of drinking water supply, irrigational constructions, highways, objects of national security, law and order, armed forces and objects of strategic importance according to the approved list for 2024.

3. Approve planned amount of the funds allocated for financing of capital investments in 2025 in the amount 8000000, by 0 thousand som, in 2026 - 10000000, 0 thousand som.

4. Direct 33060, 0 thousand som to payment of the budgetary funds provided to victims of natural disasters according to the state hypothecation certificates of Financial and credit fund under the Ministry of Finance of the Kyrgyz Republic.

4-1. Direct 35800, 0 thousand som to issue of budget credit to the subjects of entrepreneurship of Batken Province injured with the conflict on the Kyrgyz-Tajik border on September 14-17, 2022, according to established procedure.

5. Approve amount of the funds allocated for financing of the stimulating (equity) grants in 2024 in the amount 1000000, by 0 thousand som, in 2025 - 1500000, 0 thousand som, in 2026 - 1500000, 0 thousand som. Establish priority of financing of the stimulating (equity) grants to the local government bodies receiving the grant from the republican budget.

Article 6.

1. Make in first-priority procedure financing of expenses under the protected Articles ("Salary", "Fees in Social fund", "Acquisition of medicines and products of medical appointment", "Acquisition of food", "Social security benefits", "Benefits on the public assistance to the population", "Grants"), and also on the state debt obligations and the current grants of other units of the sector of public administration ("Transfers to Social fund" and "Transfers to Fund of compulsory medical insurance").

Reduction of the amounts provided on the protected Articles in connection with formation of vacancies in budgetary institutions, acceptance of the regulatory legal acts including which entailed change of their number of staff and also as a result of economy of means following the results of year is allowed.

2. Confer responsibility on heads of state bodies for complete providing own expenses under the protected Articles according to this Law.

3. To local government bodies to perform financing of expenses of local budgets for 2024-2026 in first-priority procedure under the protected Articles and utilities.

Article 7.

The Cabinet of Ministers of the Kyrgyz Republic has the right to bring amendments in mutual calculations of the republican budget with budgets of local government bodies according to the regulatory legal acts adopted by relevant organs, and also structural changes, changes of production volumes (works, services), price levels.

Article 8.

1. It is at least establish turnover cash under the republican budget of the Kyrgyz Republic for January 1, 2024 in the amount 1000000, of 0 thousand som.

2. Set quantitative restriction of formation of debt to one creditor no more than 45 percent from the total amount of the public external debt.

3. Set limit of public debt no more than 70 percent to the gross domestic product (GDP).

Article 9.

1. Make financing from the republican budget of the Kyrgyz Republic for 2024 of the organizations which were earlier consisting on the budget of areas according to appendix 9.

2. Approve the planned amount of financing from the republican budget of the Kyrgyz Republic for 2025-2026 of the organizations which were earlier consisting on the budget of areas according to appendices 10 and 11.

Article 10.

1. Establish for 2024-2026 the following standard rates of assignments from the nation-wide income:

1) the income tax paid by tax agents - in the amount of 100 percent in local budgets of the cities and ayylny aimags;

2) the sales tax - in the amount of 100 percent in the republican budget;

3) tax for use of natural resources (royalty), except for strategic minerals (gold, oil, gas), - in the amount of 50 percent in local budgets of the cities and ayylny aimags in the place of developments of fields, 50 percent - in the republican budget;

4) tax for use of natural resources (bonus) - in the amount of 100 percent in the republican budget;

5) tax on the basis of the patent - in the amount of 100 percent in local budgets of the cities, ayylny aimags;

6) the single tax on simplified taxation system - in the amount of 100 percent in the republican budget;

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