Turkmenistan reveals data on execution of state budget

Business Materials 10 June 2018 11:33 (UTC +04:00)

Ashgabat, Turkmenistan, June 10

By Huseyn Hasanov - Trend:

The revenues of Turkmenistan’s state budget amounted to 7.2 billion manats, while the expenditures – 7.1 billion manats in January-May 2018, the Turkmen government said in a message.

The Turkmen Parliament approved revenues and expenditures at 95,508.5 million manats each in the Law on the State Budget of Turkmenistan for 2018.

The official exchange rate of the Turkmen manat against US dollar has remained unchanged since January 2015 ($1 = 3.5 Turkmen manats).

The revenue part of the state budget has been formed, mainly, through oil and gas, chemical, power engineering and construction sectors. Agro-industrial complex, transport sector, communication sector, textile industry and food industry will further develop.

Turkmenistan holds one of the key positions in the supply of natural gas in the region, which is exported to China and Iran.