Turkmenistan, Ashgabat, Nov. 5 /Trend H.Hasanov/
According to the totals of the first nine months of 2012, the revenue of the state budget of Turkmenistan has been executed at 142.2 per cent with expenses by 95.9 per cent, the Ministry of Finance said on Monday.
Income rose by 42.7 per cent, while the expenditure was by 31.4 per cent compared to the same period in 2011.
According to the information, during reporting period there were no arrears in the payment of salaries to employees of state enterprises and institutions that are financed from the budget, or are self-financed as well as pensions, state benefits and scholarships.
During the first nine months of 2012, the plan on the flow of foreign currency funds to ministries and departments of the country through the exports of goods and services was executed by 143.9 per cent, increasing by 36.7 per cent compared to same period last year.
Since the beginning of the year the plan on the payment of all taxes to the state budget has been fully executed.
Foreign trade turnover increased by 32.2 per cent in January-September this year compared to the same period last year.
In January-September 2012, the volume of investments in Turkmenistan through all sources of funding increased by 33.1 per cent compared to the same period last year.
Some 114 social facilities were built, 604.700 square metres of housing were commissioned and 8963.3 km of networks were constructed during the reporting period.
It was previously reported that the Turkmen Parliament approved the law on the 'Turkmen State Budget for 2012'. The revenue of the state budget of 2012 was 74.908.4 billion manat, expenses at 76.398.4 billion manat.
The national currency has remained stable in recent years. One dollar equals to 2.84 Turkmen manat.
According to the forecasts, budget revenues will exceed the previous figure due to higher rates of economic growth, investment activity and the modernisation of the industrial material and technical base as well as the widespread introduction of highly advanced technologies in production.
Revenues are formed by such important sectors of industrial areas as oil and gas, chemical, power engineering and construction. The agro-industrial complex, transport and communication sector, textile and food industries will be further developed.
The revenues are planned to be increased by developing and stimulating the activity of private enterprise.
Significant investments will be spent to implement large scale national projects, including the construction of new facilities at the national tourist zone of Avaza, the implementation of an urban development programme in the capital and provinces of the country, the construction of important social and cultural facilities and the industrial and transport communications infrastructure