Turkmenistan, Ashgabat, Dec. 7 / Trend H.Hasanov /
Turkmen President Gurbangulu Berdimuhammedov chaired a meeting of the Cabinet of Ministers to review the socio-economic progress made by the country for eleven months of the current year. He said "the budget expenditures would be increased by 28.3 percent or nearly $ 5 billion this year.
The Turkmen parliament approved a law on the 2011 state budget today, which sets revenues at 61.957 billion manat and expenses at 63.973 billion manat.
Budget revenues will be formed at the expense of the oil and gas, chemicals, power generation and construction sectors. It is expected that 37.1 percent of the total amount of funds allocated to finance public and social services will be spent on education, health care (12.2 percent), culture (4.2 percent), public social provision (36.2 percent), and communal services (10.1 percent).
Berdimuhammedov said that in 2011, $ 741 million would be spent to promote the reforms in the education sector that was as high as 18.5 percent as compared to 2010, in the health care sector - US$ 245 million that was as high as 20.7 percent.
Some $ 84 million would be spent to promote the cultural sphere that was as high as 23.2 percent. In 2011, $ 724 million would be spent for state social welfare that was as high as 35.4 percent as compared to 2010. Large amounts would be allocated to raise pensions, benefits, scholarships in 2011.
The document has been prepared taking into account the growth of such sectors of the economy as agriculture, transportation, communications, textiles and foodstuffs. The revenues will grow at the expense of the private sector next year.