In Kyrgyz Republic, growth in 2022 was stronger than initially expected, driven by consumption, supported by remittance inflows, largely from Russia, and public investment. Inflation increased sharply, and the external position weakened significantly. Fiscal outcomes were favorable thanks to improved revenue performance. Growth is expected to moderate in 2023 and inflation to remain elevated. Driven by higher spending, the fiscal deficit will widen. This Macro Poverty Outlook presents GDP, debt and fiscal forecasts and examines the implications for critical economic and social concepts such as growth, poverty reduction and macroeconomic stability.