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BUDGET CODE OF THE KYRGYZ REPUBLIC
(as amended on 29-07-2024)
Accepted by Jogorku Kenesh of the Kyrgyz Republic on April 6, 2016
This Code establishes bases of legal regulation of the relations arising in the sphere of
management of public finances in the course of forming, consideration, approval, refining and
execution republican, local budgets, budgets of Social fund of the Kyrgyz Republic (further - Social
fund) and Fund of compulsory medical insurance under the Ministry of Health of the Kyrgyz
Republic (further - Fund of compulsory medical insurance), establishes participants status of the
budget process, determines the legal basis of responsibility for violation of the budget legislation.
Section I. General provisions
Chapter 1. Basic concepts and legal basis of the Budget code of the Kyrgyz
Republic
Article 1. Budgetlegal relationship
Treat the budget legal relationship:
1) the relations arising in the course of forming of the income and implementation of budgets
expenses, implementation of the state and municipal borrowings, regulation of the public and
municipal debt;
2) the relations arising between participants of the budget process in the course of forming and
consideration of budget statements, approval, refining and execution of budgets, control of their
execution, accounting, creation, consideration and approval of budget reports.
Article 2. The basic concepts and terms used in this Code
1. In this Code the following terms and concepts are applied:
1) the administrator of resources of the budget - state body or local government body, and also
its structural, subordinated division performing one or set of functions on charge, collection,
accounting and control of correctness of calculation, completeness and timeliness of payment of
tax income, the customs payments levied in accordance with the established procedure by customs
authorities of the Kyrgyz Republic according to the customs legislation of the Customs union, non
tax income (resources) of budgets of the budget system of the Kyrgyz Republic;
2) assets - the property and non-property benefits and the rights having price cost, received in
the state-owned, municipal property as a result of transactions of last periods;
3) the budget - form of education and expenditure of the money intended for financial
provision of tasks and functions of the state and local self-government;
4) Ceased to be valid according to the Law of the Kyrgyz Republic of 18.01.2022 No. 2;
of May 16, 2016 No. 59
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1/75) the budget system - the system of the relations regulated by rules of law, arising during
implementation of the budget process and also the set based on the economic relation and state
system of the Kyrgyz Republic republican and local budgets, budgets of Social fund and Fund of
compulsory medical insurance;
6) the budget estimate - the document determining amount of the income and expenses of
budgetary institution according to budget classification with quarterly breakdown;
7) the budget obligation - obligation of the receiver of budgetary funds to provide
accomplishment of certain tasks according to regulatory legal acts about the budget, the contract
or agreement;
8) budgetary institution is state body, local government body or the organization created by
state body or local government body for implementation of managerial, welfare, scientific and
technical or other functions of non-commercial nature which activities are financed by means of the
relevant budget;
9) budgetary appropriations - the money provided by the budget for the corresponding year for
execution of the budget obligations according to its distribution;
10) budget credit - the money allocated from the republican budget and the local budget to
receivers of budgetary funds on the terms of recoverability, urgency and the paid nature;
11) the budget process - the activities for forming and consideration of budget statements,
approval, refining and execution of budgets, accounting and creation of the reporting, financial
management and control regulated by the legislation of the Kyrgyz Republic;
12) the main manager of budgetary funds - the state body or local government body
determined by regulatory legal act about the budget, given authority on distribution of budgetary
appropriations between managers and receivers of budgetary funds;
13) the state guarantee - the commitment letter which the Cabinet of Ministers shall repay
fully or partially before creditors the debt in case of non-execution or improper execution at the
scheduled time of obligations by the borrower;
14) the government (municipal) securities - the securities emitted by authorized state body on
forecasting and budget implementation (executive body of local self-government) on behalf of the
Cabinet of Ministers (local government body);
15) public finances - set of the economic relations, education system and distributions of the
cash funds necessary for the state for content of its bodies and accomplishment of functions
inherent in it;
16) the public external debt - the component of public debt representing the amount of the
mastered and outstanding state external loans or other debt obligations of the Kyrgyz Republic for
certain date before nonresident creditors of the Kyrgyz Republic;
17) the state external loan - the relations according to the credit agreement or on other debt
obligations in which the nonresident of the Kyrgyz Republic acts as the creditor and acts as the
borrower the Cabinet of Ministers on behalf of the Kyrgyz Republic;
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2/718) the public internal debt - the component of public debt representing the amount of the
mastered and outstanding internal loans or other debt obligations of the Kyrgyz Republic for
certain date before resident creditors of the Kyrgyz Republic;
19) the state internal loan - the relations according to the credit agreement or on other debt
obligations in which the resident of the Kyrgyz Republic acts as the creditor and act as the borrower
the Cabinet of Ministers on behalf of the Kyrgyz Republic and local government bodies according to
the legislation of the Kyrgyz Republic;
20) public debt - the total amount of the mastered and outstanding internal and external public
debt of the Kyrgyz Republic for certain date according to the credit agreement or on other debt
obligations of the state;
21) grant - the free financial or technical assistance provided by donors to the state
organizations of the Kyrgyz Republic, and also money (transfers), gratuitously and irretrievable
provided by the republican budget to local budgets;
22) the deposit amounts - the means going into the interim order the main managers
(managers, receivers) of budgetary funds and subjects in case of approach of the conditions
provided by regulatory legal acts of the Kyrgyz Republic, to return to the subjects who deposited
these funds or transfer to destination;
23) debt obligation - all obligation types on securities, credit agreements, credit agreements,
arrangements and other obligations, in paper form and/or record in electronic form, determining
the fact of borrowing of certain money or purchase of goods and/or services with the obligation to
compensate the corresponding amounts or the cost of goods and/or services stipulated by
agreements fully or partially;
24) the profitable potential of the local budget - assessment of the income of local budgets
which can be gained proceeding from economic level developments, structures of economy, and
also tax base;
25) loan - money, material values, the services provided on credit by internal or foreign
creditors based on the credit agreement to residents of the Kyrgyz Republic under certain
conditions;
26) borrowing - the process including procedures of decision making about need of attraction
of borrowed funds; determination of procedure and conditions of attraction, use, repayment and
servicing of loan; procedures of negotiations; obligation fulfillment guarantees; registration and
signing of the relevant documents on loan; ratification of the loan agreement (in case of the state
external borrowing); obtaining, use of means of loan; repayment and servicing of loan, including
accounting procedures, control and the analysis of obligation fulfillment by the parties;
27) the protected Articles - the Articles of economic classification of expenses recommended
for financing in first-priority procedure and which are not subject to reducing: the salary, fees in
Social fund, acquisition of medicines and products of medical appointment, acquisition of food,
social security benefits, benefits on the public assistance to the population, grant;
28) foreign creditors are the nonresidents of the Kyrgyz Republic providing means under
agreements or other debt obligations;
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3/729) target figures - limiting indicator of budgetary funds based on which forming of expenses of
budgetary institutions is performed;
30) the credit agreement - the legal document which is the contract between the borrower and
the creditor, concluded with the purpose of receipt of loan in the form of money, material values,
services and containing conditions on their return, interest payment and other costs;
31) limit of the budget obligations - limit rate of budgetary funds for accomplishment by the
receiver of the budget obligations;
32) the international treaty - the equitable and voluntary agreement of the Kyrgyz Republic
with one or several states, the international organizations or with other subjects of international
law concerning the rights and obligations in the area the foreign affairs specialist of the relations;
33) the nonresident - the legal entity or physical person having the permanent residence or the
permanent location outside the Kyrgyz Republic registered or created according to the legislation
of foreign states;
34) non-financial assets are the objects which are in use and maintaining state bodies and local
government bodies, bringing them real or potential economic benefits during the certain period as a
result of their use or storage;
35) official transfers - the non-paid, irrevocable receipts having voluntary nature, received from
other state bodies (residents and nonresidents) or the international organizations;
36) the next fiscal year - the year following after the current fiscal year;
37) the receiver of budgetary funds - the budget or other institution having the right to
budgetary funds based on the legislation of the Kyrgyz Republic, the decision of relevant organ or
the agreement and responsible for their use and accounting;
38) planning period - two years following after the next fiscal year;
38-1) forecast of social and economic development of the Kyrgyz Republic - system of
scientifically based ideas of the directions, criteria, the principles, the purposes and priorities of
social and economic development of the Kyrgyz Republic for the forthcoming period with indication
of the main predicted indicators and target reference points;
39) the manager of budgetary funds - the state body, local government body or organization
which are under authority of the main manager of budgetary funds, receiving budgetary
appropriations from the main manager of budgetary funds;
40) the sector of public administration is set of state bodies, bodies of the national social
insurance and provision of pensions, local government bodies, their subordinated organizations, the
organizations financed by means of the relevant budgets;
40-1) system of the state forecasting in the Kyrgyz Republic - the set of the interconnected
elements consisting of the principles, documents, processes and participants of the state
forecasting, providing development of the country on medium-term (from 3 to 5 years), long-term
(for 10 years and more) the periods;
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4/741) Council of the Cabinet of Ministers for fiscal and investment policy of the Kyrgyz Republic
(further - Council of the Cabinet of Ministers) - the collegiate organ created by the Cabinet of
Ministers for consideration of the Main directions of fiscal and investment policy of the Kyrgyz
Republic, the budget statement of the budget system of the Kyrgyz Republic and their
sequestration, acceptance of agreed decisions on the budget indicators of the main managers of
budgetary funds and disagreements in case of their forming;
42) the current fiscal year - year in which budget implementation, creation and consideration of
the budget statement for the next fiscal year and planning period is performed;
43) authorized state body on forecasting and budget implementation (further - authorized
state body) - the central executive body authorized by the Cabinet of Ministers on implementation
of development of state policy, coordination regulation and accomplishment of executive functions
in the budget and financial spheres;
44) authorized state body on economic forecasting - the central executive body authorized by
the Cabinet of Ministers on implementation of development and realization of single state policy in
the field of economic development and the tax sphere;
45) approved budgets - the relevant budgets accepted by Jogorku Kenesh or local keneshes;
46) the specified budgets - the relevant budgets accepted by Jogorku Kenesh and local
keneshes taking into account the made changes;
47) financial assets are the assets granting the right to their owners to receive one or several
payments from other institutional units in accordance with the terms and the provisions provided in
the contract (agreement);
48) fiscal policy is the tax and budget policy on management and regulation by public finances.
2. Other terms and concepts of the budget legislation of the Kyrgyz Republic which are not
specified in this Article are used in the values determined in the relevant articles of this Code. Terms
and concepts of the legislation of the Kyrgyz Republic of other industries used in this Code are
applied in that value in what they are used in legislations of these industries if other is not provided
by this Code.
Article 3. Budgetlegislation ofthe Kyrgyz Republic
1. The budget legislation of the Kyrgyz Republic is based on the Constitution of the Kyrgyz
Republic, consists of of this Code and the regulatory legal acts adopted according to it about the
budget, other regulatory legal acts regulating the budget legal relationship.
About the budget treat regulatory legal acts:
- law on the republican budget;
- laws on the budget of Social fund and Fund of compulsory medical insurance;
- regulatory legal acts of local keneshes about local budgets.
2. In case of contradiction to regulations of the legislation of the Kyrgyz Republic priority in
regulation of the budget legal relationship are regulations of this Code.
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5/73. If the international treaty establishes other provisions which are not provided in this Code,
provisions of the international treaty which participant is the Kyrgyz Republic are applied.
Article 4. Action ofthe budgetlegislation
1. The regulatory legal acts governing the relations in the sphere of public finances act on all
territory of the Kyrgyz Republic and extend to all participants of the budget process.
2. The regulatory legal acts leading to change of the income and (or) budgets expenses of the
budget system of the Kyrgyz Republic, accepted after March 31 shall contain regulations on the
introduction them in force not earlier than the January 1 following after the next fiscal year.
3. Allocation of budgetary appropriations on acceptance of new payment commitments or
increase in budgeted expenses at execution of the existing payment commitments can be
performed only since the beginning of the next financial year on condition of inclusion of the
corresponding budgeted expenses in regulatory legal act about the budget or in the current
financial year after entering of corresponding changes into regulatory legal act about the budget in
the presence of appropriate sources of additional receipts in the budget and (or) when reducing
budgeted expenses according to individual clauses of expenses of the budget.
Article 5. Coordination of projects of regulatory legal acts
1. Projects of regulatory legal acts of the Kyrgyz Republic in which the questions concerning
the budget and public finances are reflected are without fail approved with authorized state body.
2. Drafts of the laws on change of financial liabilities of the state; about increase in the
expenses of the budget financed from the republican budget or about reducing its resources are
accepted only with the consent of the Cabinet of Ministers.
3. Projects of regulatory legal acts on the questions concerning the budget of judicial system
are subject to obligatory coordination with Judicial council of the Kyrgyz Republic (further - Judicial
council).
Section II. Budget system of the Kyrgyz Republic
Chapter 2. General provisions
Article 6. Principles ofthe budget system of the Kyrgyz Republic
1. The principle of unity means:
1) unity of the budget legislation of the Kyrgyz Republic, bases of the organization and
functioning of the budget system of the Kyrgyz Republic, forms of budget documentation and
reporting, Budget classification of the Kyrgyz Republic (further - Budget classification), sanctions
for violation of the budget legislation of the Kyrgyz Republic;
2) single procedure for establishment, forming and execution of the income and
implementation of payment commitments of budgets of the budget system of the Kyrgyz Republic,
conducting financial accounting and creation of the reporting of budgets and budgetary
institutions;
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6/73) transfer of all resources of the budget and implementation of all expenses of the budget from
the single treasurer account, except for transactions on execution of the budgets performed
outside the Kyrgyz Republic.
2. The principle of completeness means reflection in budgets without fail and in full all income
and expenses, stipulated by the legislation the Kyrgyz Republic.
3. The principle of effectiveness and efficiency means that forming and execution of budgets is
performed proceeding from need of achievement of the purposes provided for the forthcoming
period with attraction of the minimum amount of means or achievements of the maximum results
with use of available budgetary funds.
4. The principle of priority means forming of budgets according to the reference points
determined in the Main directions of fiscal policy and programs of social and economic
development of the Kyrgyz Republic and its regions.
5. The principle of the sequence means carrying out by state bodies and local government
bodies of single fiscal policy and observance of earlier made decisions in the sphere of the budget
legal relationship.
6. The principle of independence of budgets means:
1) fixing to the relevant budgets of own sources of the income on permanent basis;
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