RESOLUTION OF JOGORKU KENESH OF THE KYRGYZ REPUBLIC

of January 27, 2011 No. 119-V

About the main directions of the republican budget of the Kyrgyz Republic for 2011

Having considered the main directions of the republican budget of the Kyrgyz Republic for 2011, the Jogorku Kenesh of the Kyrgyz Republic decides:

1. Accept the main directions of the republican budget of the Kyrgyz Republic for 2011 it (is applied).

2. To provide to the government of the Kyrgyz Republic forming of the bill of the Kyrgyz Republic "About the republican budget of the Kyrgyz Republic for 2011", being guided by the main priorities and the directions determined by the main directions of the republican budget of the Kyrgyz Republic for 2011 and also to consider recommendations when forming forecasts of the republican budget for 2012 - 2013.

Accepted by the resolution of Jogorku Kenesh of the Kyrgyz Republic of January 27, 2011 No. 119-V

The main directions of the republican budget of the Kyrgyz Republic for 2011

Determination of the main priorities in budget policy of the country for 2011 falls on the period when the republic is in instability condition, both in political, and in the economic plan. April and June events of 2010 caused economic collapse. Decrease in GDP constituted percent 1,5 in case of the forecast of real GDP growth for percent 5,5. The rate of inflation to previous year made 17 percent.

Under the threat of failure there were questions of providing social needs of needy segments of the population, compensations of budget workers, in particular teachers and health workers.

For the purpose of prevention of similar risks the budget policy shall be directed to overcoming these risks.

In view of these changes, Jogorku Kenesh of the Kyrgyz Republic offers the following main priorities of budget policy for 2011:

- priority of public financing of education;

- balance of internal opportunities with costs of the state;

- development and deployment of new technologies of determination of debt policy and its realization;

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