Turkmen parliament approves 2010 state budget
Turkmenistan, Ashgabat, Nov. 23 / Trend H. Hasanov /
The Turkmen parliament unanimously voted to adopt a draft bill on the 2010 state budget today.
The document stated that progress in the development of the country's economy, politics and culture will serve as the determining factor for the 2010 state budget. Income and expenditures amount to 48.28 trillion manat. The budget is based primarily on the growth of second-level expenditures for public funds and unit and branch revenues derived from sales.
Real economic growth in 2010 will hit 106.3 percent in comparative prices. About 74.1 percent of the funds (excluding investments) are planned for the social sector. Over 22.4 percent more will be invested in the industrial, social and cultural spheres than in 2009.
Expenditures for the health sector will increase 11.7 percent, for educational development - 10.5 percent, and for culture - 36.5 percent. Large funds will be allocated to several other government programs targeting social and domestic facility construction. Over 54.6 percent more funds will be allocated for construction industry development next year than in 2009.
Protected expenditures are wages, pensions, allowances and scholarships, which will increase by 11 percent. The 2010 budget revenue will exceed 2009 revenues due to higher rates of economic growth and investment activity. The budget will not depend solely on fuel and energy due to the rapid rate of the national economy's diversification in 2010.
The agro-industrial complex, transport, communications, construction, textile and food industries will undergo further development.
Construction of new facilities will also begin in the Avaza national tourist zone. Transport, industrial and communications infrastructure facilities will also rapidly develop.