The Cabinet of Ministers of Kyrgyzstan has approved a new procedure for placing temporarily free budget funds, which is an important step towards improving financial management. This decision aims to enhance the efficiency of budget resource use and promote transparency in financial operations.
According to the new resolution, mechanisms and conditions under which temporary budget funds can be placed are regulated. These changes have been developed taking into account the provisions of the country's Budget Code and are aimed at streamlining the state financial policy.
At the same time, previously existing resolutions have been recognized as invalid, including:
resolution dated March 11, 2022, No. 135;
resolution dated December 22, 2023, No. 704;
resolution dated January 27, 2025, No. 41.
These documents concerned the placement of temporarily free budget funds in commercial banks.
The Cabinet noted that the introduction of new rules will contribute to greater transparency in the management of state finances and eliminate duplication of existing norms.
The new procedure will come into effect in a week.
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