Profitable part of Turkmenistan’s state budget overfulfilled

Ashgabat, Turkmenistan, Oct. 15

By Huseyn Hasanov - Trend:

As of January-September 2015, the profitable part of Turkmenistan's state budget amounted to 105.9 percent, while expenses - 85.8 percent, Turkmenistan's finance ministry said Oct. 15.

The local budget revenues hit 101.7 percent, while expenditures - 81.8 percent.

Turkmenistan timely paid the salaries to the organizations, as well as pensions, state benefits, scholarships, the statement said.

According to the state budget-2015 approved by the Turkmen parliament, the income was 102.800 billion manat, while expenses - 106.200 billion manat.

The official rate of the manat versus $1 has remained at 3.50 Turkmen manat since January 1, 2015.

Turkmenistan holds one of the key positions in the region on natural gas supplies. Russia, China and Iran are importers.

The profitable part in the Turkmen state budget is formed by such sectors as oil and gas, chemical, power engineering and construction.

The agro-industrial complex, transport and communication, textile and food industries will be also intensively developed.

Edited by CN

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