Turkmenistan’s parliament adopts draft 2015 state budget
Ashgabat, Turkmenistan, Nov. 11
By Huseyn Hasanov - Trend:
Turkmenistan's parliament, locally known as the Majlis, unanimously adopted the draft law on the 2015 state budget, according to a message from the parliament.
The message said the draft law was reviewed at the fifth session of the parliament.
The total revenues of Turkmenistan's 2015 state budget will stand at 102,800.8 million TMT (about $36 billion as of Nov. 11), and expenses will total 106,200.8 million TMT.
The state budget's revenue side will be formed mainly with help of such major economy sectors as the oil, gas and chemicals industry, power industry, and construction sector.
"The agriculture, transport and communication sectors, textile and food industries will also further develop intensively. The revenue growth for the next year is also planned through promotion of the work of enterprises of economy's non-state sector," the message said.
Among the expenses of the first level state budget, the funds allocated to the social sector, amount to 79 percent. Substantial funds will also be allocated to financing the education, healthcare, culture, sports, public social security system, housing and utilities.
The parliament also said that major investments will be allocated to the implementation of major national projects and programs, including the development of the national tourist zone Avaza, realization of urban development program in the capital and regions of the country, construction of facilities of social and cultural importance, and industrial, and transport and communication infrastructure.
In the 2014 state budget, approved by the Turkmen parliament, the revenues are set at 94,129.1 million TMT, and expenses at 97829.1 million TMT.