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Bishkek, Feb. 14, 2019. /Kabar/. The Ministry of Finance reported on how it was possible to reduce the budget deficit in 2018. During a press conference at the Kabar News Agency, Deputy Minister of Finance Almazbek Azimov told that in 2017, 24.1 billion somMinistry of Finance voices reasons for budget deficit decrease in 2018
Bishkek, Feb. 14, 2019. /Kabar/. The Ministry of Finance reported on how it was possible to reduce the budget deficit in 2018. During a press conference at the Kabar News Agency, Deputy Minister of Finance Almazbek Azimov told that in 2017, 24.1 billion soms were attracted through external borrowing. “This external debt is maintenance. But in 2018, foreign borrowing was reduced to 10.2 billion soms. This helped us to achieve today's results,” he said. Azimov explained that the total national debt of the country today is $ 4 million 464 million, of which external debt is 3 billion 825 million soms. Compared to 2017, the amount of foreign debt was reduced by 5.1%. During the press conference, the question was raised whether the Tax Service provided funds in advance from 2019 to cover the budget deficit of 2018. Almazbek Azimov explained that It is better to address the question to the Tax Service. Read more