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Turkmen state budget’s profitable area stands at 112.2 per cent

Business Materials 22 February 2013 20:36 (UTC +04:00)

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

As of Jan. 2013, the profitable part of the Turkmen state budget hit 112.2 per cent with expenses standing at 94.8 per cent, the Turkmen Ministry of Finance said today.

It was reported that the Turkmen Parliament approved the state budget as of 2013. The revenue of the state budget was 86.335.8 billion manat, with expenses at 89.735.8 billion manat.
The official rate of manat compared to the U.S. dollar has recently remained at 2.85 Turkmen manat.

Revenues will be formed by such important sectors in industrial areas such as oil and gas, chemical, power engineering and construction. The agro-industrial complex, transport and communication sector, textile and food industries will be further developed.

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

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

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