The National Bank will transfer all profits to the budget. The relevant committee approved the bill.

Виктор Сизов Economy
VK X OK WhatsApp Telegram
The draft constitutional law titled "On the Issues of Transferring the Profit of the National Bank of the Kyrgyz Republic" was approved by the relevant committee of the Jogorku Kenesh, which deals with finance, budget, entrepreneurship, and competition development.
According to the new provision, the National Bank will transfer 100% of its profit to the republican budget after its financial statements have been audited by an independent external auditor.
During the discussion of the bill, the participants noted that the expected volumes of transfers could reach approximately 50 billion soms. The Ministry of Finance plans to use these funds to finance the most significant social expenditures.
For comparison:



It is worth noting that last year all the profits of the National Bank were directed towards the construction of state mortgage housing.
According to the data presented at the meeting, 20-25% of the bank's income comes from gold operations, while the remaining part comes from managing international reserves, securities operations, and other financial instruments.
The final results will be known upon completion of the external audit.
At the conclusion of the discussion, the bill was approved in three readings at once.
VK X OK WhatsApp Telegram

Read also: