Listen to the article
An expanded meeting chaired by the Head of State on October 27 set a target of raising gross domestic product to $135 billion and ordered the rollout of a new targeted spending control system across 22 ministries, departments, and local khokimiyats — a response to both strong economic momentum and persistent concerns about budget discipline.
The economy grew by 7.6% during the first nine months of the year, a pace described at the meeting as significantly faster than forecast. Gold and foreign exchange reserves rose 35% year-on-year to reach $55 billion, while population income increased by 18.4%, average wages by 19.2%, and household deposits by 35.3%.
Despite the strong headline figures, the meeting placed heavy emphasis on maintaining discipline in how public money is spent. The Head of State stressed that all reforms must serve to improve living standards, and tasked the economic complex — including the Chamber of Accounts — with increasing revenues, ensuring budget discipline, and establishing strict control over expenditures through the end of the year.
Expanded Role for the Chamber of Accounts
The Chamber of Accounts has been assigned a significantly broader operational mandate under the new directives. The body will conduct studies on the efficiency of spending, operating expenses, and resource use in strategic organisations, with a specific brief to identify and reduce ineffective expenditure.
Beyond audit work, the Chamber will provide direct practical assistance to strategic enterprises in preparing their business plans — critically analysing those plans, making profit and cost forecasts, determining cost-reduction measures, and regularly monitoring implementation. The arrangement represents a shift from purely retrospective audit toward active engagement with state-linked enterprises during the planning cycle.
The Chamber is also tasked with ensuring that large taxpayers fully meet their obligations to pay dividends to the state budget, as part of broader efforts to strengthen financial discipline and increase state revenues.
New Monitoring System for 22 Ministries and Khokimiyats
Based on presidential instructions, a new system for controlling the targeted use of budget funds will be launched across 22 ministries and departments that receive large budget allocations, as well as local khokimiyats. The specific institutions to be covered were not named in the Chamber of Accounts’ account of the meeting.
The new control framework will be accompanied by digital transformation measures, including the introduction of automated audit and analysis systems into budget oversight processes. No specific timeline for the rollout of these digital tools was provided.
GDP Target and Outlook
The $135 billion GDP target set at the meeting represents a key benchmark for the current year’s economic programme. The meeting’s directives — spanning tighter expenditure controls, expanded audit capacity, and digital monitoring tools — are framed as measures to sustain high growth rates while ensuring that public funds are deployed effectively and accountably as planning for 2026 macroeconomic parameters gets underway.