News Column

Nominal GDP to make 402 billion som in 2015

June 9, 2014

The nominal GDP will make 402 billion som in 2015, the growth will be 6%, Finance Minister Olga Lavrova said at the meeting of the parliamentary committee for budget and finances on June 9.

Inflation level will make 9.7%, Minister Lavrova said.

The revenues of the budget will amount to 117 billion som, which is 9.5% increase. Similar growth in 2014 is projected at 5.4%.

Expenditures of the budget will total 131.6 billion som, the Finance Minister said.

The budget deficit is projected at 13 billion som or 3.1% of GDP versus 0.7% in 2015.

"Expenditures for social sphere are growing. We raised salaries for law enforcers this year," the Minister explained.

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Source: AKIpress News Agency (Kyrgyz Republic)

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