According to the data, the Finance Ministry's amendments provide that interest payments on securities in 2026 will require 25.6 billion som. That is a notable reduction from the original plans, when the ministry projected an amount of almost 27 billion som.
Changes in Interest Expenses on Government Securities
27billion som (previously)
25.6billion som (new forecast)
16.6billion som (2025 expenditures)
Features of Government Securities
As part of regulating the issuance of such instruments, the Finance Ministry has clarified the specifics of the circulation of state treasury bills (GKVs). These short-term, non-interest-bearing securities have a circulation period of 1 to 12 months, and their term in days must be a multiple of 7. For example, this could range from 28 days for 1-month GKVs to 364 days for 12-month GKVs.
