Turkmenistan’s state budget revenue over by 10 percent
Ashgabat, Turkmenistan, Feb. 7
By Huseyn Hasanov- Trend:
As of January 2014, the revenues of Turkmenistan's state budget were implemented at 110.7 percent, a message from the country's Ministry of Finance published on Feb.7 said.
"The revenue part of the country's main financial plan amounted to 110.7 percent and the expenditure part amounted to 96.7 percent during the reporting period," the ministry said.
The production volume hit 113.4 percent during the reporting period compared to the same period of 2013, according to the Finance Ministry.
"As a result of complex measures taken in order to ensure commodity abundance and an increase in population's income, the volume of retail turnover during the reporting period amounted to 2.4 billion manat or by 18.6 percent more compared to the same period of 2013," the ministry said.
The revenue part of Turkmenistan's state budget approved by the Majlis (parliament) for 2014 amounted to 94.129.1 billion manat, while the expenditure was equal to 97.829.1 billion manat. In recent years the official exchange rate of manat to the U.S. dollar remains at the level of 2.85 Turkmen manat.
Turkmenistan's state budget revenue is formed by the oil and gas, chemical, electricity and construction sectors. The budget also envisages the progressive development of the agro-industrial complex, transport, communication, light and food industry.
It is expected that the revenue of Turkmenistan's state budget will increase thanks to the further development and support of the activity of private enterprise.
Turkmenistan holds one of the key positions in the region for the supply of natural gas imported by Russia, China and Iran.
Translated by L.Z.
Edited by C.N.