Turkmenistan publishes data on state budget execution
Ashgabat, Turkmenistan, Oct. 15
By Huseyn Hasanov – Trend:
According to the results of January-September 2018, the revenue part of the state budget of Turkmenistan was fulfilled by 116.2 percent, and the expenditure part - 92.6 percent, said in a message from the Turkmen government.
The Majlis (parliament) of Turkmenistan approved revenues in the amount of 95 508.5 million manats, and expenditures were planned in the same amount in the law "On the state budget of Turkmenistan for 2018".
The revenue part of the budget is formed mainly by such important sectors of the production sphere as oil and gas, chemical, electric power industry and construction. The agro-industrial complex, the sphere of transport and communications, the textile and food industries will also see further development. Turkmenistan holds one of the key positions in the region for the supply of natural gas, which is exported to China and Iran. The traditional buyer, Russia, completely stopped buying Turkmen fuel in 2016, but at this stage negotiations are underway to resume the supplies.