Ashgabat, Turkmenistan, Apr. 11
By Huseyn Hasanov- Trend:
On the results of Jan.-March 2016, the state budget revenues of Turkmenistan have been fulfilled at 102.8 percent, while the expenditures - at 90.4 percent, said the message of the Ministry of Economy and Development of Turkmenistan.
Some 80.2 percent of budgetary funds were allocated to finance the social sphere.
The state budget revenues of Turkmenistan for the three months of 2016 approved by the Majlis (Parliament) are projected at 102.478,5 billion Turkmen manats, while expenses - at 104.878,5 billion Turkmen manats.
Since January 1, 2015 the official exchange rate in Turkmenistan remains at 3.50 Turkmen manats to the US dollar.
Turkmenistan holds one of the key positions in the region on the natural gas supplies. Russia, China and Iran are gas importers.
The revenue part of the budget of the country is mainly formed due to such sectors of the industry as oil and gas, chemical, electric power industry, construction.