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IMF forecasts 3.8 percent economic growth in Kyrgyzstan for 2019

The International Monetary Fund forecasts that by the end of 2019 the economy of Kyrgyzstan will grow by 3.8 percent. The head of the IMF mission in Kyrgyzstan, Christian Josz, told reporters today.

According to him, inflation will be 2.2 percent, and the budget deficit will not exceed 3.4 percent of GDP. At the same time, the IMF’s forecast for budget deficit is higher than that approved by the Parliament of Kyrgyzstan — 2.7 percent.

«The deficit will be higher, because we believe that tax revenues, especially from VAT, will be lower than budgeted. At the same time, the reserves of the National Bank will remain at the level of 3.7 months of imports. This is a good level. The national debt of the country will stabilize and be lower than at the end of 2018,» Christian Josz stressed.