Turkmenistan increases salaries, pensions and scholarships by 10 percent

Photo: Turkmenistan increases salaries, pensions and scholarships by 10 percent / Economy news

Ashgabat, Turkmenistan, Jan.3
By Huseyn Hasanov- Trend:

Turkmenistan has increased the volume of wages of employees financed from the budget of institutions, self-supporting enterprises and public organisations, as well as the volume of pensions and state benefits, scholarships of students and listeners from Jan.1, 2014.

In accordance with Turkmen President Gurbanguly Berdimuhamedov's decree, the minimum volume of pensions for participants of the Great Patriotic War has been determined at the sum of 798 manat per month and the maximum amount is to be 1076 manat per month from January 2014.

The maximum volume of pensions for veterans of the Great Patriotic War, their spouses and veterans who served on the home front has been determined at the amount of 979 manat.

It is prescribed to ensure that the increase of the volume of wages is by improving the structures of institutions, enterprises and organisations and improving the effectiveness of productivity of workers, attracting unused internal reserves.

The conducted activities are envisaged in the law 'On the State Budget of Turkmenistan for 2014' adopted by the Turkmen parliament.

In total, the revenues of the state budget amount to 94.129.1 billion manat. Budget expenditure will amount to 97.829.1 billion manat. The official exchange rate of the manat to one dollar remains at 2.85 Turkmen manat in recent years.

Revenues of the state budget for next year will be formed by the most important production spheres such as oil and gas, chemical sphere, electricity and construction.

Agro-industrial complexes, transport, communications, textile and the food industry will continue to develop significantly. Revenue will increase thanks to the activities of private enterprise in 2014.

Translated by L.Z.

Edited by S.M.

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