Turkmenistan’s state budget revenue over by 20 per cent

Photo: Turkmenistan’s state budget revenue over by 20 per cent / Turkmenistan

Ashgabat, Turkmenistan, Nov.12

By Huseyn Hasanov- Trend: As of January-October 2013, the revenues of Turkmenistan's state budget were implemented at 121.7 per cent and its expenditures were implemented at 96.3 per cent, a message from the country's Ministry of Finance published on Nov.11 said.

Calculations on giving wages, pensions, government grants and scholarships were implemented in full and on time. The average monthly wage increased by 10.9 per cent compared to the same period of 2012.

According to the state budget prognosis for 2013 approved by the Turkmenistan parliament, the revenue part was determined at the level of 86335.8 billion manat, while the expenditure was estimated at 89735.8 billion manat.

In recent years the official exchange rate of manat to the U.S. dollar remains at the level of 2.85 Turkmen manat. The Turkmenistan's state budget revenue is formed by the oil and gas, chemical, electricity and construction sectors. The budget also envisages the progressive development of the agro-industrial complex, transport, communication, textile and food industry.

It is expected that the revenue will increase thanks to the further development and support of the activity of private enterprise. A significant growth is expected in budget expenditures this year for construction of new facilities at the Avaz national tourism zone, the equipment of social and cultural importance, industrial and transport and communication infrastructure in the capital and in the country's regions.

In the approved state budget for 2012, the revenues were envisaged at the level of 74908.4 billion manat and expenditures were envisaged to be equal to 76398.4 billion manat.

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