Turkmen public budget fulfilled with surplus

Business Materials 22 January 2010 15:11 (UTC +04:00)

Turkmenistan, Ashgabat, Jan. 22 / Trend H.Hasanov /

In 2009 public budget revenues hit 102.3 percent while expenditure comprised a substantial surplus, which allows fully block the planned state budget deficit in 2010, the Turkmen State Statistics Committee reported

At a governmental meeting Turkmen President Gurbanguly Berdimuhamedov voiced his confidence that the 2010 public budget, which is of social trend, will create a reliable platform for sustainable development of Turkmenistan.

Turkmenistan has become a remarkable player on the energy market in 2009. Along with Russian and Iranian markets natural gas supplies was commissioned to China through territory of Kazakhstan and Uzbekistan last month.

"In 2009, the preservation of the consistently high rates of the economic growth was repeatedly confirmed by credible global financial institutions including the International Monetary Fund, the World Bank, and the European Bank for Reconstruction and Development. Our country could keep inflation ratio within the prescribed parameters," Berdimuhamedov underscored

In 2009, GDP growth hit 106.1 percent, industrial growth 123.7 percent, and construction 131.3 percent. Investments in various industries increased in this period as compared to 2008

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