Kyrgyzstan Sees Steepest Debt Hike in EAEU, Outpacing Russia and Kazakhstan

Kyrgyzstan's public debt has surged by 33.2 per cent over the past year - the highest increase among member states of the Eurasian Economic Union (EAEU).

As of the latest data, the country’s total public debt stands at $8.4 billion, including $5.2 billion in external debt and $3.1 billion in domestic debt, The Caspian Post reports via Kyrgyz media.

In comparison, public debt growth rates for other EAEU countries are significantly lower:

Russia: 17.2 per cent

Kazakhstan: 16.8 per cent

Armenia: 12.5 per cent

Earlier, Daiyrbek Orunbekov, head of the Presidential Administration’s Information Policy Service, stated that Kyrgyzstan’s public debt is equivalent to 36.9 per cent of the country’s gross domestic product (GDP).