Nationalized facilities in Kyrgyzstan not profitable

Due to the fact that the nationalized facilities in Kyrgyzstan are not profitable, the State Property Management Fund didn’t fulfill the plan for the execution of the revenue part of the republican budget. It became known today at the board meeting.

During the reporting period, cash flow from state property management amounted to 3, 969.7 billion soms.

The Fund didn’t fulfill the plan on raising the funds. In 2016, it was planned to collect 5, 68 billion soms.

It should be noted that in 2015 to the budget got 3.6 billion soms with the plan of 3.5 billion soms.

As deputy Chairman of the Fund Bekbolot Aliyev noted, the cause of non-fulfillment of the plans was lack of income from privatization.