Turkmenistan publishes data on state budget execution

Business Materials 9 March 2019 10:33 (UTC +04:00)

Ashgabat, Turkmenistan, Mar. 9

By Huseyn Hasanov – Trend:

As per the results for January-February 2019, the revenue part of the state budget was executed at the level of 2.65 billion manats, and the expenditure part at 2.55 billion manats, Trend reports referring to the Turkmen government.

The Turkmen Parliament of the 6th convocation adopted the draft law "On the state budget of Turkmenistan for 2019". In general, the revenues and expenditures of the state budget in 2019 are both in the amount of 8.3868.3 million manats.

The official exchange rate of the Turkmenistan manat to $1 from January 2015 remains at the level of 3.50 Turkmen manats.

The revenue part of the budget is formed mainly by such major sectors of the production sphere as oil and gas, chemical, electric power industry, construction, with the agro-industrial complex, the sphere of transport and communications, the textile and food industries also to receive further development.

Turkmenistan holds one of the key positions in the region in terms of the supply of natural gas. China and Iran are importers of Turkmen gas. At the same time, Russia, the traditional buyer, stopped buying Turkmen gas in 2016, though negotiations on resuming Russian purchases of gas are underway.