Kyrgyzstan's public debt falls to 39% of GDP, Japarov sets 50% cap
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President Sadyr Japarov announced that Kyrgyzstan's total public debt has fallen to 39% of GDP, down from nearly 120% before 2020. Japarov also set a legal cap on public debt at 50% of GDP to ensure fiscal discipline.
Debt Reduction
Kyrgyzstan's total public debt now stands at 39% of GDP, President Sadyr Japarov wrote on social media. External debt alone was nearly 120% of GDP before 2020, according to Japarov. The sharp decline reflects debt restructuring and fiscal consolidation efforts since 2021.
Legal Cap
Japarov signed a law capping public debt at 50% of GDP, preventing future borrowing from exceeding that threshold. The cap applies to both external and domestic debt. The move aims to lock in fiscal discipline and reassure international creditors.
What's Next
The government is to publish updated debt sustainability projections by end-2026. It remains unclear whether the cap will be revised if major infrastructure spending is needed.
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Kyrgyzstan's public debt falls to 39% of GDP, Japarov sets 50% cap
