Turkmenistan’s budget revenues executed by 112.3 percent
Turkmenistan, Ashgabat, March 5 / Trend H. Hasanov /
Turkmenistan's budget revenues were executed at 112.3 percent, expenses - by 91 percent in January-February 2012, the Finance Ministry said on Monday.
The plan for all types of taxation was fully executed.
At present, there are no arrears in the payment of wages by the institutions financed from the budget, and self-supporting enterprises, the report said.
The volume of investments from all sources increased by 73.1 percent compared to the same period of 2011.
It was previously reported that the Turkmen Parliament has approved the Law on "Turkmen State Budget in 2012". The revenues of the state budget-2012 hit 74.908.4 billion manat, expenditures - 76.398.4 billion manat.
It is expected that the state budget revenues will exceed this figure of 2011 due to higher rates of economic growth, investment activity, the modernization of material-technical base of industries, the widespread introduction of highly advanced technologies in the production.
The revenue part will be formed at the expense of such important sectors of the production sphere, as oil and gas, chemical, power generation, construction. The agriculture, transport and communication sector, textile and food industries will be further developed.
The revenues are planned to increase in 2013 through the development and promotion of the activity of the private sector.
"Significant funds will be allocated to finance the education, health, culture and system of state social security, housing and communal services," the parliament said.
Significant investments will be spent to implement large-scale national projects, including construction of new facilities of the national tourist zone "Avaza", the implementation of urban development program in the capital and the provinces, the construction of important social and cultural facilities, industrial, transport and communication infrastructure.