Turkmenistan’s public budget revenues exceed 10.7 percent

Business Materials 14 October 2010 10:21 (UTC +04:00)

Turkmenistan, Ashgabat, Oct.14 / Trend H. Hasanov /

During January-September of 2010 Turkmenistan's public budget was executed at 110.7 percent, and expenses - at 94.7 percent, the Finance Ministry said.

Wages, pensions, allowances and scholarships were fully paid in time. Some 75.5 percent of the budget was spent to the implementation of the state's social policy.

Moreover, according to the Turkmen Central Bank during the reported period, one can talk about increasing the amount of revenues received in foreign currency from export of natural gas, oil, chemical products, electricity and certain types of textile products.

Plan for receiving currency funds at the expense of sale of goods and rendered services exceeded by 35.4 percent.

In addition, the Central Bank takes measures to ensure a stable national currency, and continues to work in the further development of the country's banking system.

The growth rate of retail trade turnover for January-September 2010 amounted to 116.7 percent.