Ashgabat, Turkmenistan, Oct. 24
By Huseyn Hasanov– Trend:
In the first nine months of 2016, profitable part of the state budget of Turkmenistan was executed in the volume of 10.7 billion manats, and expenditure part was executed in the volume of 11.9 billion manats, according to the country’s Ministry of Finance.
“Some 79.3 percent of the Turkmen budgetary funds have been allocated to finance the social sphere during this period,” the ministry said.
The state budget revenues of Turkmenistan for 2016 approved by the parliament are projected at 102.478,5 billion manats, while expenses - at 104.878,5 billion manats.
Since January 1, 2015 the official exchange rate in Turkmenistan remains at 3.50 manats to the US dollar.
Turkmenistan holds one of the key positions in the region on the natural gas supplies. China and Iran are gas importers. Russia stopped purchasing Turkmen gas in 2016.
The revenue part of the budget of the country is mainly formed due to such sectors of the industry as oil and gas, chemical, electric power industry, construction.