According to the president, the main task of the company is to expand the housing stock of the country. He noted that until now, all financial resources have come from the state budget. Currently, the capital of GIK amounts to 87 billion soms, formed from state funds and profits generated by the company's activities. "This year we will allocate the last funds from the budget, about $500 million, but starting next year, funding from the state budget will cease," Japarov explained.
The president also announced plans to increase the company's authorized capital to 200 billion soms. "With such capital, GIK will be able to provide housing for all citizens—from young families to elderly people—not for 5-10 years, but for 50-100 years. This is a completely state-owned enterprise, and all profits are returned to the budget, specifically to the company's account. The higher the capital of the mortgage company, the faster our citizens will gain access to housing," Sadyr Japarov concluded.
