Profitable part of Turkmen state budget hits close to 120%
Ashgabat, Turkmenistan, Nov. 14
By Huseyn Hasanov - Trend:
As of January-October 2014, the profitable part of the Turkmen state budget amounted to 119.8 percent, while expenses - 96.8 percent, the Turkmen Finance Ministry said Nov. 13.
"Around 81.5 percent of the state budget revenues was directed for the development of the social sphere," a statement says. "The average monthly salary increased by 10.4 percent in the country compared to the same period of last year. The salaries, state benefits, pensions and scholarships were fully paid."
The income hit 94.129 billion manats, and expenses - 97.829 billion manats in the Turkmen state budget-2014 approved by the parliament.
The official rate of the manats to one dollar has recently remained at 2.85 Turkmen manats.
The profitable part in the Turkmen state budget is formed by such sectors as oil and gas, chemical, power engineering and construction. The budget envisages the ongoing development of agro-industrial complex, transport, communication and food sectors.
The revenues are expected to grow at the expense of further development and support for the activity of non-state enterprises. Turkmenistan holds one of the key positions in the region on natural gas supplies. Russia, China and Iran are importers.
edited by CN