The growth in financial indicators is linked to a change in the approach to asset management. While the agency previously leased predominantly vacant land plots, buildings and structures are now being erected on these territories. In several cases, objects are handed over to tenants with finished renovations.

Revenue dynamics and privatization plans

According to the head of the State Agency, rental revenues were previously significantly lower, ranging from 800,000 to 1.5 million som. In addition to rental payments, the sale of confiscated property makes a substantial contribution to the budget.

Key financial indicators

25.5 billionreceived from the sale of confiscated property (2023–2026)
25 billionrevenue from the use of state property for 10 months of 2026
1.5–2 billionestimated value of objects for privatization in 2027
"Previously, we provided vacant land plots, but now we are erecting buildings and structures on them and leasing them out. In some cases, buildings are already handed over with finished renovations."
Beksultan Tokonov, Director of the State Agency for Management of State Property

Context

Beksultan Tokonov serves as the Director of the State Agency for Management of State Property under the Cabinet of Ministers of the Kyrgyz Republic. The information regarding revenues was announced on November 10 as part of the "Open Cabinet" project.