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Revenue of Turkmen state budget executed at 125.6 percent

Business Materials 8 August 2012 20:41
The revenue of the state budget of Turkmenistan is executed at 125.6 percent in January-July 2012, expenses - by 94.4 percent, the Ministry of Finance said on Tuesday.
Revenue of Turkmen state budget executed at 125.6 percent

Turkmenistan, Ashgabat, Aug.8 /Trend H.Hasanov/

The revenue of the state budget of Turkmenistan is executed at 125.6 percent in January-July 2012, expenses - by 94.4 percent, the Ministry of Finance said on Tuesday.

The plan in the payment of all taxes to the state budget is fully executed.

The information on the flow of foreign currency funds to ministries and departments of the country through exports of goods and services said that the whole plan for this indicator is executed by 139.7 percent, increasing by 44 6 percent compared to same period last year.

Retail trade turnover increased by 15.1 percent in January-July this year compared to the same period last year.

It was previously reported that Turkmen Parliament approved the law on "Turkmen State Budget for 2012". The revenue of the state budget of 2012 was 74.908.4 billion manat, expenses - 76.398.4 billion manat.

According to the forecasts, budget revenues will exceed the previous figure due to higher rates of economic growth, investment activity, the modernisation of material-technical base of industries, the widespread introduction of highly advanced technologies in the production.

The revenues are formed by such important sectors of industrial areas as oil and gas, chemical, power engineering, construction. The agroindustrial complex, transport and communication sector, textile and food industries will be further developed.

The revenues are planned to be increased by developing and stimulating the activity of the private enterprises.

The significant investments will be spent to implement large-scale national projects, including the construction of new facilities of the national tourist zone of Avaza, the implementation of urban development program in the capital and provinces of the country, the construction of important social and cultural facilities, industrial and transport-communications infrastructure.

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