According to the Ministry of Finance, the 2026 forecast is set out in an annex to the draft revised national budget, which was submitted to parliament for consideration on October 30. The forecast envisages a significant increase in both revenue and expenditure compared with previous expectations.

StoriesMinistry of Finance forecast: budget surplus for 2026Slides: 5
  1. Ministry of Finance forecast: budget surplus for 2026
  2. What is changing in the forecast?. A consolidated budget surplus of 1% of GDP is expected for 2026, higher than previous estimates.
  3. 23,6 billion som — Expected surplus in 2026
  4. 1,2 billion som — Previous surplus estimate
  5. Projected revenue and expenditure: 2026 revenue: 973.2 billion som; Expected revenue: 700.3 billion som; 2026 expenditure: 949.6 billion som

Changes in forecasts compared with previous estimates

The Ministry of Finance previously estimated the consolidated budget surplus at less than 0.1% of GDP. In absolute terms, the expected surplus in 2026 will be 23.6 billion som, significantly higher than the previous estimate of 1.2 billion som.

23.6billion som (2026 forecast)
1.2billion som (previous forecast)

Projected revenue and expenditure figures

According to the Ministry of Finance forecast, consolidated budget revenue for 2026 will reach 973.2 billion som (excluding balances at the start of the year). This is significantly higher than the previously expected 700.3 billion som. Actual revenue for 2025 amounted to 762.0 billion som.

973.2billion som (2026 revenue)
700.3billion som (expected revenue)
762.0billion som (2025 revenue)

As for expenditure, the Ministry of Finance estimates it at 949.6 billion som in 2026. This amount is higher than the previously projected 699.2 billion som. Actual expenditure for 2025 amounted to 704.5 billion som.

949.6billion som (2026 expenditure)
699.2billion som (projected expenditure)
704.5billion som (2025 expenditure)

Comparison with actual 2025 data

It is worth noting that the actual surplus for 2025 amounted to 57.6 billion som. It is also reported that the actual surplus for 2025 was 2.9% of GDP.