Ashgabat, Turkmenistan, July 7
By Huseyn Hasanov – Trend:
According to the results of the January-June 2019 period, the execution of the revenue part of the state budget of Turkmenistan reached 103.5 percent, while the execution of the expenditure part reached 84.9 percent, 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 of the state budget in 2019 will make up 83868.3 million Turkmen manats (TMT), and expenses are planned in the same amount.
The official exchange rate of the manat to US dollars since January 2015 remains at the level of 3.50 manats. The revenue part of the budget is formed mainly through such major 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 be further developed as well. Turkmenistan holds one of the key positions in the region for the supply of natural gas, which is exported to China and Russia.