International rating agency Standard & Poor's (S&P) confirmed Kyrgyzstan's ratings at the level of B/B, pointing the high vulnerability of the economy due to its dependence on Russia, Finmarket reported.
According to experts of the agency, the budget deficit of Kyrgyzstan may rise to 4.5 percent of GDP in 2016-2017, and the size of government debt in the coming years will reach 70 percent of GDP.
Russia accounts for one-third of the foreign trade of the country and most of the money transfers from abroad.
The total public debt of Kyrgyzstan at the beginning of 2016 amounted to $3,695 billion. For the year it increased by 1.3 percent, the Minister of Finance of Kyrgyzstan Adylbek Kasymaliev said earlier on.